Multiple Choice
During 2016 Wu Han Co. generated revenues of $95000. The company's expenses were as follows: cost of goods sold of $47000 operating expenses of $16000 and a loss on the sale of equipment of $5000. Wu Han's gross profit is
A) $27000.
B) $32000.
C) $48000.
D) $95000.
Correct Answer:
Verified
Correct Answer:
Verified
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