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Consider the following accounts for Parson Inc., a retailer, at December 31, the end of the accounting year. Parson prepares annual financial statements and uses
Consider the following accounts for Parson Inc., a retailer, at December 31, the end of the accounting year. Parson prepares annual financial statements and uses a perpetual method. Sales revenue dollar 321,900 Selling expenses dollar 17,400 Cost of goods sold dollar 110, 000 Inventory dollar 25,000 What will Parson report as gross margin for the year? Type just the number for your answer with no dollar signs or commas
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