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    Financial Accounting Study Set 25
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    Exam 5: Accounting for Merchandising Operations
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    Financial Information Is Presented Below: Operating Expenses $ 60,000
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Financial Information Is Presented Below: Operating Expenses $ 60,000

Question 195

Question 195

Multiple Choice

Financial information is presented below: Operating Expenses $ 60,000
Sales Revenue 225,000
Cost of Goods Sold 135,000
Gross profit would be


A) $30,000.
B) $90,000.
C) $165,000.
D) $225,000.

Correct Answer:

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