Use the following information to answer Questions 10-13. Cendant Corporation's results for the...

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Accounting

Use the following information to answer Questions 10-13.
Cendant Corporation's results for the year ended December 31,2016, include the following material items:
Selling and administrative expenses
Interest revenue
Cost of goods sold
Loss on sale of fixed assets
Provision for income taxes
Loss from Discontinued Operations
Research and development expenses
Sales revenue
1,300,000
50,000
3,800,000
300,000
195,000
100,000
200,000
6,200,000
Cendant Corporation's gross profit for 2016 is:
$1,100,000
None of the other answers.
$2,400,000
$2,450,000
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