Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for the income statement
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Supply the missing dollar amounts for the income statement for each of the following independent cases.
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Case A Case B Case C Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit S7.500 $6.000 $ 6,500 S11.200 $ 4,000 5,000 9.500 13,500 15,050 11.050 10.200 4,500 1,500 Expenses Pretax income 400 700 $ (400) S 800 SI,100
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Italics for missing amounts only Case A Case B Case C Net sales revenue 7500 5500 ...View the full answer
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