Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances 5000 Sales discounts 8000 Sales revenue 142000 Cost of goods sold 110000 Gross Profit would be   a.) $19000. b.) $27000. c.) $32000. d.) $37000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Financial information is presented below:

Operating expenses $ 60000
Sales returns and allowances 5000
Sales discounts 8000
Sales revenue 142000
Cost of goods sold 110000


Gross Profit would be

 

a.) $19000.

b.) $27000.

c.) $32000.

d.) $37000.

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