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Gain on Sales of Investment 5,000.00 Adversiting Expense 8,000.00 Sales 100,000.00 less: Cost of Goods Sold 20,000.00 Other Interest Expense 2,000 Gross Profit ?

Gain on Sales of Investment 5,000.00 Adversiting Expense 8,000.00 Sales 100,000.00 less: Cost of Goods Sold 20,000.00 Other Interest Expense 2,000 Gross Profit ?

FINANCIAL ACCOUNTING
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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Gain on Sales of Investment 5,000.00 Adversiting Expense 8,000.00 Sales 100,000.00 less: Cost of Goods Sold 20,000.00 Other Interest Expense 2,000 Gross Profit ? Net Profit ? Operating Income ?
Transcribed Image Text:Gain on Sales of Investment 5,000.00 Adversiting Expense 8,000.00 Sales 100,000.00 less: Cost of Goods Sold 20,000.00 Other Interest Expense 2,000 Gross Profit ? Net Profit ? Operating Income ?
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