A company has net sales of $200,000, cost of goods sold of $120,000, selling expenses of $6,000, and nonoperating expenses of $2,000. What is the company's gross profit?
A) $76,000.
B) $80,000.
C) $74,000.
D) $72,000.
Answer: B
Accounting MCQ
Accounting
A company has net sales of $200,000, cost of goods sold of $120,000, selling expenses of $6,000, and nonoperating expenses of $2,000. What is the company's gross profit?
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