Question: Question 7 (1 point) Which accounting principle requires that a company use the same accounting methods period after period b Business entity principle Revenue Recognition

 Question 7 (1 point) Which accounting principle requires that a company

Question 7 (1 point) Which accounting principle requires that a company use the same accounting methods period after period b Business entity principle Revenue Recognition Principle consistency principle Lower of cost and net realizable value principle c. Od Question 8 (1 point) Gross Profit Margin is calculated as follows Net selling Price - Cost Profit - Revenue Cost of Goods Sold - Net Sales Net Sales - Cost of Goods Sold d Tim

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