If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26,000, the net result will be: a)Profit of OMR41,000 b)Loss of OMR 31,000 c)Profit of OMR31,000 d)Loss of OMR 41,000

If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26,000, the net result will be: a)Profit of OMR41,000 b)Loss of OMR 31,000 c)Profit of OMR31,000 d)Loss of OMR 41,000

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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Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

Question

plz solve!!

If sales are OMR 90,000, cost of sales is
OMR 65,000, selling expenses are OMR
30,000 and administration expenses are
OMR 26,000, the net result
will be:
a)Profit of OMR41,000
b)Loss of OMR 31,000
c)Profit of OMR31,000
d)Loss of OMR 41,000

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