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two questions Assume you are using net sales as the base...

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Accounting

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Assume you are using net sales as the base in vertical analysis. Cost of goods sold in 2019 is 67%, and is 70% in 2020 . This would always indicate that: cost of goods sold as a percentage of net sales has increased gross margin has declined gross margin has declined, cost of goods sold as a percentage of net sales has increased, and the dollar amount of cost of goods sold has increased the dollar amount of cost of goods sold has increased Question 23 (1 point) The issuance of common shares in exchange for land and equipment will: not affect a cash flow statement affect the financing activities section of a cash flow statement affect the operating activities section of a cash flow statement affect the investing activities section of a cash flow statement

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