If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26,000, the net result will be: a)Profit of OMR41,000 b)Loss of OMR 31,000 c)Profit of OMR31,000 d)Loss of OMR 41,000
If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26,000, the net result will be: a)Profit of OMR41,000 b)Loss of OMR 31,000 c)Profit of OMR31,000 d)Loss of OMR 41,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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