Elenor Corporation sold goods that originally cost $605,000 for $1,100,000. What is Elenor's gross profit? a. $605,000 b. $1,100,000 c. $495,000 d. $1,705,000 e. $0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Elenor Corporation sold goods that originally cost
$605,000 for $1,100,000. What is Elenor's gross profit?
a. $605,000
b. $1,100,000
c. $495,000
d. $1,705,000
e. $0
Transcribed Image Text:Elenor Corporation sold goods that originally cost $605,000 for $1,100,000. What is Elenor's gross profit? a. $605,000 b. $1,100,000 c. $495,000 d. $1,705,000 e. $0
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