Financial information is presented below: $$\begin{array} { l r }
\text { Operating Expenses } & \$ 90,000 \
\text { Sales Returns and Allowances } & 18,000 \
\text { Sales Discounts } & 12,000 \
\text { Sales Revenue } & 320,000 \
\text { Cost of Goods Sold } & 174,000
\end{array}$$ Gross profit would be
A) $26,000.
B) $116,000.
C) $128,000.
D) $134,000.

Question

Financial information is presented below: $$\begin{array} { l r } 
\text { Operating Expenses } & \$ 90,000 \
\text { Sales Returns and Allowances } & 18,000 \
\text { Sales Discounts } & 12,000 \
\text { Sales Revenue } & 320,000 \
\text { Cost of Goods Sold } & 174,000
\end{array}$$ Gross profit would be
A) $26,000.
B) $116,000.
C) $128,000.
D) $134,000.

Quizplus · Accepted Answer

The Answer of Financial information is presented below: $$\begin{array} { l r } 
\text { Operating Expenses } & \$ 90,000 \
\text { Sales Returns and Allowances } & 18,000 \
\text { Sales Discounts } & 12,000 \
\text { Sales Revenue } & 320,000 \
\text { Cost of Goods Sold } & 174,000
\end{array}$$ Gross profit would be
A) $26,000.
B) $116,000.
C) $128,000.
D) $134,000.

Financial Information Is Presented Below Gross Profit Would Be A) $26,000

Financial Information Is Presented Below Gross Profit Would Be
A) $26,000