Hansen Company has prepared a budgeted income statement. Reported were the following amounts. 1. Sales...
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Accounting
Hansen Company has prepared a budgeted income statement. Reported were the following amounts. 1. Sales revenue - $350,000 2. Cost of goods sold - $175,000 3. Variable operating expenses - $55,000 4. Fixed operating expenses - $11,000 What is the gross profit amount? (Points : 2)
$109,000
$164,000
$175,000
$284,000
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