Mathematics, 21.02.2020 01:57 isabelsmhl
Escrow Company's multistep income statement shows cost of goods sold of $60,000, a gross margin of $42,000, operating income of $12,000 and a $20,000 loss on the sale of land. Based on this information, the net income or (net loss) amounted to
A. $12,000.
B. ($20,000).
C, ($8,000).
D. None of the answers is correct.
Answers: 2
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Escrow Company's multistep income statement shows cost of goods sold of $60,000, a gross margin of $...
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