Question
The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,604 Gain on Sale of Securities.
The following data include all the elements from Cambridge Company's income statement:
Administrative Expense $872
Cost of Goods Sold 3,604
Gain on Sale of Securities. 623
Income Tax Expense. 1,234
Loss on Discontinued Operations. 1,229
Loss on Disposal of Equipment. 237
Revenue. 8,741
Selling Expense. 1,425
What is the amount of gross profit for Cambridge Company?
- $3,903
- $1,606
- $4,526
- $5,137
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
