Determine the missing data for each letter in the following three income statements for Fulco Company (in
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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 Income before income taxes Income tax expense Net income $1,144 76 1,268 152 768 676 124. 116 756 728 168 848 156 716 312 156 520 132 512 40 108 27 12 29
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Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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