John James earned $250,000 as net sales. He has cost of goods sold of $158,000 and transfer profit from goods manufactured of $80,000. What will be his overall income before deducting other expenses in his Statement of Profit or Loss?

Question

06-03-2022
Business

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John James earned $250,000 as net sales. He has cost of goods sold of $158,000 and transfer profit from goods manufactured of $80,000. What will be his overall income before deducting other expenses in his Statement of Profit or Loss?

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