Figure 2-6.Seaview Company took the following data from their income statement at the end of the current year.
-Refer to Figure 2-6. What was cost of goods sold for the year?
A) $60,000
B) $40,000
C) $100,000
D) none of these

Question

Figure 2-6.Seaview Company took the following data from their income statement at the end of the current year. 
-Refer to Figure 2-6. What was cost of goods sold for the year?
A) $60,000 
B) $40,000 
C) $100,000 
D) none of these

Quizplus · Accepted Answer

Cost of goods sold is $60,000, as shown in the income statement in Figure 2-6.