Solved

Assuming Net Sales Are $164,000, Cost of Goods Sold Is

Question 70

Multiple Choice

Assuming Net Sales are $164,000, Cost of Goods Sold is $83,000, Selling Expenses are $23,000, and General Expenses are $24,000, then Net Income is

A) $200,000.
B) $80,000.
C) $128,000.
D) $34,000.
E) $81,000.

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