Multiple Choice
Cushman Company, Inc. had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Gross profit equals:
A) $770,000.
B) $115,000.
C) $390,000.
D) $402,000.
E) $408,000.
Correct Answer:
Verified
Correct Answer:
Verified
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