Presented here are the components in Felix Ltds statement of profit or loss. Determine the missing amounts.
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Presented here are the components in Felix Ltd’s statement of profit or loss. Determine the missing amounts.
Transcribed Image Text:
Sales $195000 $280 800 (a) Cost of sales $ 169 000 $ 186940 Gross profit $113 100 (c) $284 960 Operating expenses (d) (e) $102 700 Profit $28 080 $76700
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Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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