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Blossom Corporation began operations in 2025. During the year, the company earned sales revenues of $1685000 with related cost of goods sold of $855000. The
Blossom Corporation began operations in 2025. During the year, the company earned sales revenues of $1685000 with related cost of goods sold of $855000. The company incurred administrative expenses of $505000 and had other expenses and losses of $4000.
Income tax expense was $35000 and dividends of $38000 were paid. The company will report gross profit for 2025 of
O $320000.
$830000.
D $855000.
G $792000.
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