Prepare comparative common-size income statement for Stamps Music Ltd. using 2017 and 2016 data of exercise E11-14
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Stamps Music Ltd. Comparative Income Statement For the Years Ended December 31, 2017 and 2016 2 2017 2016 3 Total revenue 4 Expenses $ 403,000 430,000 5 Cost of goods sold $188,000 202,000 90,000 10,000 42,000 344,000 $ 86,000 6Sellng and general expenses 7 Interest expense Income tax expense Total e 93,000 4,000 37,000 10 Net income $ 81,000
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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