Question: Multiple Choice Question 167 Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost

Multiple Choice Question 167

Financial information is presented below:

Operating expenses $ 50000

Sales returns and allowances 4000

Sales discounts 7000

Sales revenue 160000

Cost of goods sold 94000

Gross Profit would be

(A) $70000.

(B) $55000.

(C) $62000.

(D) $66000.

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