Answered: Cushman Company had $816,000 in net…

Cushman Company had $816,000 in net sales, $357,000 in gross profit, and $204,000 in operating expenses. Cost of goods sold equals: Multiple Choice $459,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Cushman Company had $816,000 in net sales, $357,000 in gross profit, and $204,000 in operating expenses. Cost of goods sold equals:
Multiple Choice
$459,000.
$816,000.
$357,000.
$204,000.
$255,000.

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