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Income Statement Items: Item Amount Sales Revenue $120,000 Cost of Goods Sold $50,000 Gross Profit $70,000 Operating Expenses $30,000 Net Income $40,000 Calculate the gross
Income Statement Items:
| Item | Amount |
|---|---|
| Sales Revenue | $120,000 |
| Cost of Goods Sold | $50,000 |
| Gross Profit | $70,000 |
| Operating Expenses | $30,000 |
| Net Income | $40,000 |
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
