Revolve Companys income statement information for 2016 and 2017 (a sole proprietorship) is as follows: Required: Next
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Next Level Provide the missing amounts for the blanks labeled (a) through (f). All the necessary information is listed.
Transcribed Image Text:
2017 $59,300 10,800 2016 Cost of goods sold Interest expense Selling expenses Operating income $ (a 600 21,800 96,000 7,900 General expenses Net income Interest revenue Gross profit 21,600 600 40,200 39,000
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The solution is shown in an income statement format The answers are lettered a through f ...View the full answer
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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