Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as E ) Compute the following for Les Fleurs during 20X2 (Do not convert the figures to US dollars ) 1 Net sales revenue 2 Cost of goods sold 3 Gross profit P...

Les Fleurs Income Statement For the Year Ended December 31 20X2 Revenue Gross Sales 400 ...

Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December

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Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")

Purchases.. Freight In. E 8,000 7,000 E 250,000 Sales discounts.. Purchase retums. 4,000 Sales... Purchase discounts....

Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

1. Net sales revenue

2. Cost of goods sold

3. Gross profit

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Accounting Introduction To Financial Accounting

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Authors: Henry Dauderis, David Annand

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Question Posted: May 20, 2013 06:32 AM

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Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December

Question:

Purchases.. Freight In. E 8,000 7,000 E 250,000 Sales discounts.. Purchase retums. 4,000 Sales... Purchase discounts.... Inventory 400,000 December 31, 20x1... 3,000 20,000 December 31, 20X2... Sales returms. 30,000 8,000

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Accounting Introduction To Financial Accounting

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