Presented here are the components in Salas Companys income statement. Determine the missing amounts. Cost of Goods

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Presented here are the components in Salas Company’s income statement. Determine the missing amounts.

Cost of Goods Sold (a) Net Income Sales Revenue Operating Expenses (b) (d) Gross Profit $ 71,200 $ 30,000 $12,100 $29,50

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 10, 2019 08:20 AM

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Presented here are the components in Salas Companys income statement. Determine the missing amounts. Cost of Goods

Question:

Cost of Goods Sold (a) Net Income Sales Revenue Operating Expenses (b) (d) Gross Profit $ 71,200 $ 30,000 $12,100 $29,500 (c) $108,000 (e) $70,000 (f) $71,900 $109,600 $46,200

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a Cost of goods sold 41200 71200 30000 b Opera...View the full answer

Financial Accounting Tools for Business Decision Making

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