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Crane Company has sales revenue of $60400, cost of goods sold of $35200 and operating expenses of $15000 for the year ended December 31. Crane's
Crane Company has sales revenue of $60400, cost of goods sold of $35200 and operating expenses of $15000 for the year ended December 31. Crane's gross profit is O $45400. O $10200. O $25200 O $0. Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold $91100 17000 12400 320100 174200 The amount of net sales on the income statement would be O $290700 O $307700 O O $303100. O O $320100. During 2020, Coronado Co. generated revenues of $86000. The company's expenses were as follows: cost of goods sold of $41000, operating expenses of $21000 and a loss on the sale of equipment of $3300. Coronado's net income is O $24000. O $41000. O $86000. O $20700. Concord Company reported the following balances at June 30, 2020: $15800 600 Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold 260 8000 Net sales for the month is O $6940. O $15800. O $15200. O $14940
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