Determine the missing data for each letter in the following three income statements for Fulco Company (inthousands):
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2014 2013 2012 Sales Sales returns and allowances Net sales Merchandise inventory, beginning Purchases Purchases returns and allowances Freight-in Net cost of purchases Cost of goods available for sale Merchandise inventory, ending Cost of goods sold Gross margin Selling expenses General and administrative expenses Total operating expenses Net Income $1,144 96 76 1,268 152 768 124 676 68 116 756 728 168 848 156 716 568 504 312 156 520 132 512 108
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in thousands 2014 2013 2012 Sales 1396 p 1344 h 1144 Sales ...View the full answer
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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