Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Net income equals:
A. $770,000.
B. $408,000.
C. $402,000.
D. $115,000.
E. $390,000.
Answer: D
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Answer the following statement true (T) or false (F)
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