On January 1 , a store had inventory of $ 4 7 , 5 0 0
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Question:
On January a store had inventory of $ January purchases were $ and January sales were $ On February a fire destroyed most of the inventory. The rate of gross profit was of cost Merchandise with a selling price of $ remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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