Question
Multiple Choice Question 167 Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost
Financial information is presented below:
Operating expenses $ 50000
Sales returns and allowances 4000
Sales discounts 7000
Sales revenue 160000
Cost of goods sold 94000
Gross Profit would be
(A) $70000.
(B) $55000.
(C) $62000.
(D) $66000.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
