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Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Can you please answer the question

Transcribed Image Text:Aspen Company has sales of $2,000,000, cost of goods sold of $200,000, and selling
and administrative costs of $500,000. Aspen Company's gross margin is:
A. $1,800,000.
B. $1,500,000.
C. $1,300,000.
D. $1,700,000.
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