Suppose Old Oak Winery had sales of $290,000 and sales returns of $40,000. Cost of goods sold

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Suppose Old Oak Winery had sales of $290,000 and sales returns of $40,000. Cost of goods sold was $166,000. How much gross profit did Old Oak Winery report?

A. $124,000

B. $69,000

C. $84,000

D. $250,000

Related Book For answer-question

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: Aug 16, 2020 11:01 PM

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Suppose Old Oak Winery had sales of $290,000 and sales returns of $40,000. Cost of goods sold

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Financial Accounting: A Business Process Approach

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