Question: QUESTION 34 Here are several items that appear on an income statement. Cost of goods sold $1,990; Net sales $4,315 Operating expenses 2,300; Income taxes

QUESTION 34

Here are several items that appear on an income statement. Cost of goods sold $1,990; Net sales $4,315 Operating expenses 2,300; Income taxes 650 Net other (other revenues and gains netted against other expenses and losses) $800 How much is gross profit?

		$800
		$825
		$3,125
		$2,325

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