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Multi-step Income Statement
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Multi-step Income Statement
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4. Merchandising Operations / Multi-step Income Statement / Problem 7
Problem 7
If a company has a gross profit of \$200,000 and operating expenses totaling \$80,000, what is the income from operations?
A
\$200,000
B
\$280,000
C
\$80,000
D
\$120,000
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