Answers in Broadening Your Perspective. 1. Gross profit will result if: (a) operating expenses are less than net income. (b) sales revenues are greater than operating expenses. (c) sales revenues are greater than cost of goods sold. (d) operating expenses are greater than cost of goods sold. 7. do ano Obsp 1.25 Ahmed Company has three cars that cost a total of $85,000. The current fair value of the plants is $55,000. The cars will be recorded and reported as assets at 25000 55000 OO 160000 30000