Answered: find costs of goods sold and operating…

find costs of goods sold and operating expenses with the following information? Net Income (Net Loss) 70,000 Sales 890,000 Gross Profit 465,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How do I find costs of goods sold and operating expenses with the following information?

Net Income (Net Loss) 70,000

Sales 890,000

Gross Profit 465,000

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