Given the Information below, what is the gross profit? Sales revenue Accounts receivable Ending inventory Cost...

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Given the Information below, what is the gross profit? Sales revenue Accounts receivable Ending inventory Cost of goods sold

business accounting

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Answer 1

Answer #1

D. $43,000

Gross profit = Sales revenue - Sales returns - Cost of goods sold = $305,000 - $26,000 - $236,000 = $43,000

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Answer 2

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