Supply the missing dollar amounts for the income statement for each of the following independent cases. Net
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Supply the missing dollar amounts for the income statement for each of the following independent cases.
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Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) Case A $11,200 4,500 ? 9,000 $7,500 ? 300 $ 500 Case B $ 7,000 ? 15,050 11,050 ? 800 ? $ (200) Case C $ 4,000 9,500 13,500 ? $5,050 4,200 ? 700 $ 150
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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