Two items are omitted in each of the following four lists of income statement data. Determine the
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Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them byletter.
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igl Sas0,000 Sales Seles returns and aowances Sales discounts S300,000 (a) 20,000 se00.000 30.000 le) 10,000 25.000 (h) 400,000 115.000 18.000 (c) 70,000 Net sales Cost of merchandise sold 775.000 250,000 (b) 330,000 (di Gross profit 100,000 300,000
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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