An organization has experienced the following revenues and expenses for the year: Sales $ 23,58,000 Selling and administrative expenses $ 1,15,890 $ 12,650 Interest expense Cost of goods sold What is the gross margin? a. $1,092,790 b. $1,208,680 c. $1,080,140 d. $378,049 $ 11,49,320

An organization has experienced the following revenues and expenses for the year: Sales $ 23,58,000 Selling and administrative expenses $ 1,15,890 $ 12,650 Interest expense Cost of goods sold What is the gross margin? a. $1,092,790 b. $1,208,680 c. $1,080,140 d. $378,049 $ 11,49,320

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

solve this and give true option with why incorrect other option

An organization has experienced the following revenues and
expenses for the year:
Sales
$ 23,58,000
Selling and administrative expenses
$ 1,15,890
$ 12,650
Interest expense
Cost of goods sold
What is the gross margin?
a. $1,092,790
b. $1,208,680
c. $1,080,140
d. $378,049
$ 11,49,320

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