ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
14th Edition
ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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Maple Grove Trading presents the following financial information
Description
Operating Expenses
Amount
60,000
Sales Returns and Allowances 7,000
Sales Discounts
Sales Revenue
Cost of Goods Sold
10,000
200,000
95,000
What is Maple Grove Trading's gross profit?
a. $98,000
b. $85,000
c. $88,000
d. $75,000
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