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Description: Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 andReturn inwards OMR 10000.a. OMR 10000O b. OMR 30000O c. OMR 20000O d. OMR 90000

Business

Accounting

Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. O a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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