If sales revenues are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, the
Question:
If sales revenues are $400,000, cost of goods sold is
$310,000, and operating expenses are $60,000, the gross profit is:
a. $30,000.
b. $90,000.
c. $340,000.
d. $400,000.
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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