The following data include all the elements from Tuche Millinery's income statement: $$\begin{array} { l r }
\text { Administrative Expense } & \$ 220 \
\text { Cost of Goods Sold } & 261 \
\text { Gain on Sale of Securities } & 43 \
\text { Income Tax Expense } & 51 \
\text { Loss on Discontinued Operations } & 38 \
\text { Loss on Disposal of Equipment } & 86 \
\text { Revenue } & 878 \
\text { Selling Expense } & 124
\end{array}$$ What is the amount of gross profit for Tuche Millinery?
A) $273
B) $493
C) $617
D) $397

Question

The following data include all the elements from Tuche Millinery's income statement: $$\begin{array} { l r } 
\text { Administrative Expense } & \$ 220 \
\text { Cost of Goods Sold } & 261 \
\text { Gain on Sale of Securities } & 43 \
\text { Income Tax Expense } & 51 \
\text { Loss on Discontinued Operations } & 38 \
\text { Loss on Disposal of Equipment } & 86 \
\text { Revenue } & 878 \
\text { Selling Expense } & 124
\end{array}$$ What is the amount of gross profit for Tuche Millinery?
A) $273
B) $493
C) $617
D) $397

Quizplus · Accepted Answer

The Answer of The following data include all the elements from Tuche Millinery's income statement: $$\begin{array} { l r } 
\text { Administrative Expense } & \$ 220 \
\text { Cost of Goods Sold } & 261 \
\text { Gain on Sale of Securities } & 43 \
\text { Income Tax Expense } & 51 \
\text { Loss on Discontinued Operations } & 38 \
\text { Loss on Disposal of Equipment } & 86 \
\text { Revenue } & 878 \
\text { Selling Expense } & 124
\end{array}$$ What is the amount of gross profit for Tuche Millinery?
A) $273
B) $493
C) $617
D) $397

The Following Data Include All the Elements from Tuche Millinery's