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Business, 27.03.2020 21:02 izzysmith6836

Newark Company has provided the following information:• Cash sales, $450,000• Credit sales, $1,350,000• Selling and administrative expenses, $330,000• Sales returns and allowances, $90,000• Gross profit, $1,360,000• Increase in accounts receivable, $55,000• Bad debt expense, $33,000• Sales discounts, $43,000• Net income, $1,030,000How much is Newark's cost of sales?A $307,000.B. $252,000.C. $440,000.D. $340,000.

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Newark Company has provided the following information:• Cash sales, $450,000• Credit sales, $1,350,0...
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