Is the amount for cost of goods sold found- true or false

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Question 1: The amount for Cost of Goods Sold is found on the worksheet.

Answer: TRUE OR FALSE

Question 2: The formal income statement can be prepared from the income statement columns of the worksheet.

Answer: TRUE OR FALSE

Question 3: Gross profit minus Operating Expenses equals Net Income.

Answer: TRUE OR FALSE

Question 4: The statement of owner's equity ending capital is equal to the capital on the worksheet.

Answer: TRUE OR FALSE

Reference no: EM132568632

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