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Revolve Company's income statement information for 2016 and 2017 (a

Revolve Company's income statement information for 2016 and 2017 (a sole proprietorship) is as follows: Required: Compute the missing amounts labeled (a) through (f). All the necessary information is listed. (a) Cost of goods sold $ (b) Selling expenses $

Revolve Company's income statement information for 2016 and 2017 (a sole proprietorship) is as follows:

2016 2017 S(a) Cost of goods sold $59,300 Interest expense 600 Selling expenses (b) 10,800 Operating income 21,800 (d) S

Required:
Compute the missing amounts labeled (a) through (f). All the necessary information is listed.
(a) Cost of goods sold $
(b) Selling expenses $
(c) Net income $
(d) Operating income$
(e) Sales (net) $
(f) General expenses $

Revolve Company's income statement information for 2016 and 2017 (a sole proprietorship) is as follows: Required: Compute the missing amounts labeled (a) through (f). All the necessary information is listed. (a) Cost of goods sold $ (b) Selling expenses $

2016 2017 S(a) Cost of goods sold $59,300 Interest expense 600 Selling expenses (b) 10,800 Operating income 21,800 (d) Sales (net) 96,000 (e) General expenses 7,900 (f) Net income (c) 21,600 Interest revenue 600 Gross profit 39,000 40,200

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a Cost of goods sold Sales net Gross profit 96 000 39 …View the full answer

Intermediate Accounting Reporting and Analysis

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