Keisha Dress Shops experienced the following events during its third accounting period. (1) Sold merchandise that...
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Keisha Dress Shops experienced the following events during its third accounting period. (1) Sold merchandise that cost $92,000 for $140,000 cash. (2) Paid $30,000 of operating expenses. (3) Pald a $4,000 cash dividend. Based on this information, the amount of the gross margin is O $48,000. O $18,000. $14,000. O None of the answers is correct. Keisha Dress Shops experienced the following events during its third accounting period. (1) Sold merchandise that cost $92,000 for $140,000 cash. (2) Paid $30,000 of operating expenses. (3) Pald a $4,000 cash dividend. Based on this information, the amount of the gross margin is O $48,000. O $18,000. $14,000. O None of the answers is correct.
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