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Company a
A Company Reports the Following Information at December

Question 151

Multiple Choice

Company A
A company reports the following information at December 31, Year 1:
 Seles $15,000,000 Cash 3,000,000 Unearned revenue 400,000 Dividends 1,000,000 Cost of sales 8,500,000\begin{array} { l r } \text { Seles } & \$ 15,000,000 \\\text { Cash } & 3,000,000 \\\text { Unearned revenue } & 400,000 \\\text { Dividends } & 1,000,000 \\\text { Cost of sales } & 8,500,000\end{array}
-Refer to the figure Company A.What is the company's gross profit?


A) $5,500,000
B) $6,100,000
C) $6,500,000
D) $12,000,000

Correct Answer:

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