Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN: 9781305654174
Author: Gary A. Porter, Curtis L. Norton
Publisher: Cengage Learning
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Cole Company has sales revenue of $39,000,
cost of goods sold of $24,000, and operating
expenses of $9,000 for the year ended
December 31. Cole's gross profit is:
a. $6,000
b. $15,000
c. $30,000
d. $0
Provide correct answer
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