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Financial Information Is Presented Below Gross Profit Would Be
A) $147600

Question 122

Multiple Choice

Financial information is presented below:  Operating Expenses $90,000 Sales Returns and Allowances 25,000 Sales Discounts 15,000 Sales 400,000 Cost of Goods Sold 212,400\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 25,000 \\\text { Sales Discounts } & 15,000 \\\text { Sales } & 400,000 \\\text { Cost of Goods Sold } & 212,400\end{array} Gross profit would be


A) $147600.
B) $57600.
C) $270000.
D) $187600.

Correct Answer:

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