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Assuming the perpetual inventory system is used for the financial information presented below: Operating expenses $45,000 $13,000 Sales returns and allowances Sales discount Sales revenue
Assuming the perpetual inventory system is used for the financial information presented below: Operating expenses $45,000 $13,000 Sales returns and allowances Sales discount Sales revenue $6,000 $150,000 $77,000 Costs of sales The amount of gross profit on the income statement would be: a. $60,000. O b. $54,000. O c. $73,000. O d. $76,000
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