If net sales are ($ 400,000), cost of goods sold is ($ 310,000), and operating expenses are

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If net sales are $\$ 400,000$, cost of goods sold is $\$ 310,000$, and operating expenses are $\$ 60,000$, what is the gross profit?

(a) $\$ 30,000$.

(c) $\$ 340,000$

(b) $\$ 90,000$.

(d) $\$ 400,000$.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Jun 24, 2024 01:06 AM

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If net sales are ($ 400,000), cost of goods sold is ($ 310,000), and operating expenses are

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Financial Accounting Tools For Business Decision Making

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