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A Segment Has the Following Data  Sales $700,000 Variable expenses 300,000 Fixed expenses 550,000\begin{array} { l r } \text { Sales } & \$ 700,000 \\\text { Variable expenses } & 300,000 \\\text { Fixed expenses } & 550,000\end{array}

question 66

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A segment has the following data:  Sales $700,000 Variable expenses 300,000 Fixed expenses 550,000\begin{array} { l r } \text { Sales } & \$ 700,000 \\\text { Variable expenses } & 300,000 \\\text { Fixed expenses } & 550,000\end{array} What will be the incremental effect on net income if this segment is eliminated, assuming the fixed expenses will be allocated to profitable segments?


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Fit for Particular Purpose(s)

A legal concept that implies a sold item is suitable for the specific use intended by the buyer, which the seller is aware of.

Adequately Contained

A condition in which something is sufficiently controlled or held to prevent harm or spread.

Labeled

The action of attaching identification, instructions, or contents information to a product or item.

Express Warranty

A guarantee explicitly stated by a seller regarding the condition, functionality, or performance of a product.

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