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On January 1, 2017, Brooke Hanson Corporation had inventory of $50, 500. At December 31, 2017, Brooke Hanson had the following account balances. At December
On January 1, 2017, Brooke Hanson Corporation had inventory of $50, 500. At December 31, 2017, Brooke Hanson had the following account balances. At December 31, 2017, Brooke Hanson determines that its ending inventory is $60, 500. Compute Brooke Hanson's 2017 gross profit. Gross profit $ ___________ Compute Brooke Hanson's 2017 operating expenses if net income is $131,000 and there are no nonoperating activities. operating expenses $ __________
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