Question

ing
A company reported the following data for the year ending 2018:
Description
Sales
Sales discount
Sales returns and allowances
Cost of goods sold
Operating expense
Income tax expense
Amount
$400,000
$16,000
$13,000
$117,000
$153,000
$23,750
Compute the amount of gross profit to be reported on the income state
a. $101.000
b. $117.000
c. $254.000​

Answer 1

Answer:

c. $254.000

Explanation:

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