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Given Net sales are $500,000, cost of goods sold is $325,000, selling expenses are $10,000, Administrative expenses are $40,000, other revenues are $15,000, and income
Given Net sales are $500,000, cost of goods sold is $325,000, selling expenses are $10,000, Administrative expenses are $40,000, other revenues are $15,000, and income tax expense is $8,000. What is the gross profit? O a. $140,000 O b. $125,000 C. $132,000 O d. $175,000
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