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What is dove ventures gross profit rate

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Reference no: EM133180751

Questions -

Q1. If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is

a. Retained Earnings.

b. Common Stock.

c. Paid-in Capital in Excess of Par.

d. Common Stock Dividends Distributable.

Q2. The comprehensive income statement of Dove Ventures Inc. (in millions) contains: Net Sales 1,540; Cost of Goods Sold 660; Operating Expense 550; Net Income 440. What is Dove Ventures' gross profit rate?

a. 20%

b. 43%

c. 29%

d. 57%

Reference no: EM133180751

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