The below information is taken from the accounting records of Born free Limited for the current year Administration expenses 120 000 Cost of goods sold 570 000 Selling and distribution expenses 220 000 Interest expense 50 000 Net Sales 1 200 000 What is the Gross profit of Born free Select one a $2...

The below information is taken from the accounting records of Born free Limited for the current year:

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The below information is taken from the accounting records of Born free Limited for the current year:

Administration expenses	120 000
Cost of goods sold	570 000
Selling and distribution expenses	220 000
Interest expense	50 000
Net Sales	1 200 000

What is the Gross profit of Born free?

Select one:

a. $240,000

b. $630,000

c. $290,000

d. $410,000

Related Book For answer-question

Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: May 23, 2022 07:49 AM

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The below information is taken from the accounting records of Born free Limited for the current year:

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