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Financial Information Is Presented Below Gross Profit Would Be
A) $104,000

question 13

Multiple Choice

Financial information is presented below:  Operating Expenses $90,000 Sales Returns and Allowances 26,000 Sales Discounts 12,000 Sales 300,000 Cost of Goods Sold 158,000\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 26,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales } & 300,000 \\\text { Cost of Goods Sold } & 158,000\end{array} Gross profit would be

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