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Income Statement Items: Item Amount Sales Revenue $100,000 Cost of Goods Sold $40,000 Gross Profit $60,000 Operating Expenses $20,000 Net Income $30,000 Calculate the gross
Income Statement Items:
| Item | Amount |
|---|---|
| Sales Revenue | $100,000 |
| Cost of Goods Sold | $40,000 |
| Gross Profit | $60,000 |
| Operating Expenses | $20,000 |
| Net Income | $30,000 |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
