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During 2015, Parker Enterprises Generated Revenues of $90,000

Question 2

Multiple Choice

During 2015, Parker Enterprises generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker's gross profit is


A) $24,000.
B) $27,000.
C) $45,000.
D) $90,000.

Correct Answer:

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