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Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?

Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?

Intermediate Accounting: Reporting And Analysis
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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what was the gross profit?

Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?
Transcribed Image Text:Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?
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