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Cushman Company Had $800,000 in Sales,sales Discounts of $12,000,sales Returns

Question 61

Multiple Choice

Cushman Company had $800,000 in sales,sales discounts of $12,000,sales returns and allowances of $18,000,cost of goods sold of $380,000,and $275,000 in operating expenses.Net income equals:


A) $770,000.
B) $402,000.
C) $390,000.
D) $115,000.
E) $408,000.

Correct Answer:

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