The Following Data Include All the Elements from Cambridge Company's

question 86

Multiple Choice

The following data include all the elements from Cambridge Company's income statement: $$\begin{array} { l r } \text { Administrative Expense } & \$ 872 \\\text { Cost of Goods Sold } & 3,604 \\\text { Gain on Sale of Securities } & 623 \\\text { Income Tax Expense } & 1,234 \\\text { Loss on Discontinued Operations } & 1,229 \\\text { Loss on Disposal of Equipment } & 237 \\\text { Revenue } & 8,741 \\\text { Selling Expense } & 1,425\end{array}$$ What is the amount of gross profit for Cambridge Company?

• A) $3,903
• B) $1,606
• C) $4,526
• D) $5,137

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Definitions:

Table Design

The phase in database management where the structure of a table including fields, types, and relations is defined and implemented.

Field Properties Pane

A section in database applications where users can view and modify properties and settings of database fields, such as data type and validation rules.

Validation Rule Expression

A formula or criterion set in databases or software applications that checks data before it is entered or saved, ensuring data integrity and consistency.

HireDate

A term typically used in databases or employee management systems to denote the field that records the date an employee started working.