ACCT MISC
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ALL ONLINE TEST ACCOUTING 2.| ACCT MISC
- Exam (elaborations) • 33 pages • 2023
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ALL ONLINE TEST ACCOUTING 2.| ACCT MISCIf total sales is $90000, office expenses is $30000 and rent expense is $15000, profit or loss is which of the following? 
Selected	 
Answer:	$45000 profit 
Answers:	 
$45000 profit 
$45000 loss 
$75000 loss 
$75000 profit 
Feedback: Profit equals $45000 = ($90000 – $30000 – $15000). Learning Objective 2.3 ~ outline the basic financial statements used in business to report to users for decision-making purposes. 
•	Question 2 
1 out of 1 points 
A ch...
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