Question
Bill company sells inventory to the public. The sale price of everything sold to the public was $50,000. Sales returns were $8,000. Inventory purchases were
Bill company sells inventory to the public. The sale price of everything sold to the public was $50,000. Sales returns were $8,000. Inventory purchases were $2,000. Purchase returns were $2,000. Cost of goods sold was $22,000.
Gross profit was?
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
