Refer to the merchandising income statement shown below. Calculate the missing income statement items represented by ?
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Refer to the merchandising income statement shown below. Calculate the missing income statement items represented by ? in situations (a) to (e).
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Sales Cost of Goods Sold Gross Profit from Sales Operating Expenses Net Income (a) (b) $ 155,000 $ 205,000 105,000 ? 62,000 ? ? ? (c) $150,000 86,500 ? ? 125,000 25,000 -11,500 (d) (e) ? ? 355,000 255,000 96,000 ? ? 86,500 57,000 -28,000
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College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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