Question
Financial information is presented below: Operating expenses $ 57000 Sales returns and allowances 3000 Sales discounts 5000 Sales revenue 172000 Cost of goods sold 110000
Financial information is presented below:
Operating expenses $ 57000
Sales returns and allowances 3000
Sales discounts 5000
Sales revenue 172000
Cost of goods sold 110000
Gross Profit would be?
A) $62000.
B) $54000.
C) $65000.
D) $59000.
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
