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Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and 26,000 Allowances Sales Discounts 12,000 Sales 300,000 Cost of Goods Sold 158,000 Gross
Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and 26,000 Allowances Sales Discounts 12,000 Sales 300,000 Cost of Goods Sold 158,000 Gross profit would be a) $104,000. b) $130,000. c) $142,000. d) $116,000
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