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  3. Study Set
    College Accounting
  4. Exam
    Exam 13: Financial Statements and Closing Procedures
  5. Question
    A Company Reported Gross Profit of $72,000, Total Operating Expenses
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A Company Reported Gross Profit of $72,000, Total Operating Expenses

Question 10

Question 10

Multiple Choice

A company reported gross profit of $72,000, total operating expenses of $41,000 and interest income of $3,600. What is the income from operations?


A) $31,000
B) $27,400
C) $41,000
D) $34,600

Correct Answer:

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