Suppose Ausrin Sound had sales of ($300,000) and sales rerurns of ($40,000.) Cosr of goods sold was

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Suppose Ausrin Sound had sales of \($300,000\) and sales rerurns of \($40,000.\) Cosr of goods sold was \($160,000.\) How much gross profit did Austin Sound reporr?

a. $160,000

b. $180,000

c. $100,000

d. $260,000

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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