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During the current year, merchandise is sold for $ 1 1 5 , 3 0 0 cash and $ 5 4 7 , 5 0

During the current year, merchandise is sold for $115,300 cash and $547,500 on account. The cost of the goods sold is $430,800. What is the amount of the gross profit?

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Financial Accounting For Executives And MBAs

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