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Compute Net Income for the Housewares Department,when Gross Profit Is

Question 114

Multiple Choice

Compute net income for the housewares department,when gross profit is $650,000,direct expenses $235,000,indirect expenses are $90,000 and sales are $875,000.


A) ($20,000)
B) $530,000
C) $205,000
D) $325,000

Correct Answer:

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