If net sales are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, the
Question:
If net sales are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, the gross profit is:
(a) $30,000.
(b) $90,000.
(c) $340,000.
(d) $400,000.
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Related Book For 
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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