Account Cost of Goods Sold Net Sales Selling Expenses Amount (or percentage) $105,762,400 $314,756,900 $38,476,100 Interest...

 

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Account Cost of Goods Sold Net Sales Selling Expenses Amount (or percentage) $105,762,400 $314,756,900 $38,476,100 Interest Expense Administrative Expenses Common Stock Dividends Paid Income tax percentage $24,756,800 $106,574,900 $5,000,000 40% The Cochran Tire Company's assets at the beginning of 2021 were $9,100,000, and the assets were $9,518,000 at the end of 2021. What did the Cochran Tire Company report as net income on its 2021 income statement? Account Cost of Goods Sold Net Sales Selling Expenses Amount (or percentage) $105,762,400 $314,756,900 $38,476,100 Interest Expense Administrative Expenses Common Stock Dividends Paid Income tax percentage $24,756,800 $106,574,900 $5,000,000 40% The Cochran Tire Company's assets at the beginning of 2021 were $9,100,000, and the assets were $9,518,000 at the end of 2021. What did the Cochran Tire Company report as net income on its 2021 income statement?

Answer rating: 100% (QA)

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