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Operating expenses $ 45,000 Sales returns and allowances 13,000 Sales discount 6,000 Sales revenue 150,000 Costs of sales 77,000 The amount of gross...

Operating expenses $ 45,000

Sales returns and allowances 13,000

Sales discount 6,000

Sales revenue 150,000

Costs of sales 77,000


The amount of gross profit on the income statement would be:




$60 000.


$54 000.


$73 000.


$76 000.

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Gross Profit: Gross profit is a profit earned by the company after deducting all the... View the full answer

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1 comment
  • Why my answer is flagged I didn't find any reason to be my answer named to be flagged????
    • krlokesh11
    • May 13, 2018 at 8:06am

After working on your question, I... View the full answer

1 comment
  • Please ignore the figures appearing the second time
    • payaljain3
    • May 13, 2018 at 4:45am

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