The Greengrass Company has provided the following information for 2021: Operating expenses were $220,000; Cost of goods
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Question:
The Greengrass Company has provided the following information for 2021:
Operating expenses were $220,000;
Cost of goods sold was $400,000;
Sales were $900,000;
Interest expense was $22,000;
Loss on sale of a building was $16,000;
Income tax expense was $51,000.
How much was Greengrass's gross profit in 2021?
Related Book For
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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