A company sells its product for $100. The cost of the product to the company is $60. Selling expenses are $15. Cost of goods sold is:
A) $100.
B) $60.
C) $40.
D) $75.
Correct Answer:
Verified
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A)the Balance Sheet.
B)the Income Statement.
C)the
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B)both
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B)net loss.
C)dividends.
D)expenses.
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