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Income Statement Items: Item Amount Sales Revenue $500,000 Cost of Goods Sold $150,000 Gross Profit $350,000 Operating Expenses $120,000 Net Income $230,000 Calculate the gross
Income Statement Items:
| Item | Amount |
|---|---|
| Sales Revenue | $500,000 |
| Cost of Goods Sold | $150,000 |
| Gross Profit | $350,000 |
| Operating Expenses | $120,000 |
| Net Income | $230,000 |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
