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Gross Profit During the current year, merchandise is sold for $188,100 cash and $438,700 on account. The cost of the goods sold is $426,200.
Gross Profit During the current year, merchandise is sold for $188,100 cash and $438,700 on account. The cost of the goods sold is $426,200. What is the amount of the gross profit?
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
