The following table represents portions of the income statements of Brinkerhoff Company for the years 20102012: Required:
Question:
The following table represents portions of the income statements of Brinkerhoff Company for the years 2010–2012:
Required:
Fill in the missing numbers. Assume that gross margin is 40% of net salesrevenue.
Transcribed Image Text:
2 S56,000 (9) $47,600 s discounts Net sales revenue.. Beginning inventory. 2 5 Purchases discounts Cost of goods available for sale40,500 Ending inventory. Cost of goods sold 37,800 General and administrative expenses. Income before income taxes 14,300 14,000 11,900 8,400
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2012 2011 2010 Gross sales revenue 56000 9 51400 47600 Sales discounts 0 300 200 Sales returns 0 100 ...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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