In 2016,Reliable would recognize gross profit of:

Name: In 2016,Reliable would recognize gross profit of:
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Reliable would recognize gross profit of $5,000. This can be obtained by subtracting the cost of goods sold ($15,000) from the total revenue ($20,000).

Note: Gross profit is the difference between total revenue and the cost of goods sold. It does not take into account other expenses such as operating expenses, interest, and taxes.

In 2016,Reliable Would Recognize Gross Profit Of