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Question 6 Not yet awwered Quiz The Income statement of Planet Supplies Ltd includes the items listed below. Marked out of 1.00 P Flag question

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Question 6 Not yet awwered Quiz The Income statement of Planet Supplies Ltd includes the items listed below. Marked out of 1.00 P Flag question 13 Net sales Operating expenses Beginning inventory Discount received Purchases returns and allowances Freight-in Closing inventory Purchases Discount allowed $800,000 300,000 100,000 15,000 8,000 10,000 142,000 520,000 18,000 19 25 Fir TH Use the appropriate items listed above as a basis for determining gross profit: Select one: a. $330,000 b. $335,000 c. $317,000 d. $280,000 O e. $320,000 6 1 e SONY

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