Following are the jumbled information related to XYZ Company for the year 2016. Revenue 300,000 Equipment 150,000 Administration Expenses 40,000 Trade Receivable 50,000 Interest expense 10,000 Cost of goods sold 130,000 Tax 25,000 What will be the company's reported Gross profit and Net Income (Net Profit)? Gross Profit 130,000 and Net Profit 95,000 Gross Profit 170,000 and Net Profit 120,000 Gross Profit 130,000 and Net Profit 105,000 Gross Profit 170,000 and Net Profit 95,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Following are the jumbled information related to XYZ Company for the year 2016.

Revenue 300,000
Equipment 150,000
Administration Expenses 40,000
Trade Receivable 50,000
Interest expense 10,000
Cost of goods sold 130,000
Tax 25,000

What will be the company's reported Gross profit and Net Income (Net Profit)?

Gross Profit 130,000 and Net Profit 95,000
Gross Profit 170,000 and Net Profit 120,000
Gross Profit 130,000 and Net Profit 105,000
Gross Profit 170,000 and Net Profit 95,000
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