Current Attempt in Progress The following balances were taken from the books of Bramble ASA on...
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Current Attempt in Progress The following balances were taken from the books of Bramble ASA on December 31, 2022. Interest revenue €91,160 Accumulated depreciation-equipment €42,400 Cash 54,060 Accumulated depreciation-buildings 29,680 1,356.800 Notes receivable 164,300 Sales revenue Accounts receivable 159,000 Selling expenses 205,640 21,200 Accounts payable 180,200 Prepaid insurance 159,000 Bonds payable 106,000 Sales returns and allowances 7,420 Administrative and general expenses 102,820 Allowance for doubtful accounts 33,920 47,700 Accrued liabilities Sales discounts 63,600 106,000 Interest expense Land 106,000 212,000 Notes payable Equipment 127,200 148,400 Loss from impairment of plant assets Buildings 530,000 658.260 Share capital-ordinary Cost of goods sold 22.260 Retained earnings Question 1 of 12 DRAMBLCASA Income Statement For the Year Ended December 31. 2022 Revenue Sales Revenue 1,356,800 Less Sales Discounts 47,700 Sales Returns and Allowances 159,000 206,700 Net Income/(Loss) 1,150.100 Cost of Goods Sold 658.260 491.840 Gross Profit / (Loss) Operating Expenses Selling Expenses 205.640 82'F Mostly clear Question 1 of 12 <> -/1 308,460 Other Income and Expense Interest Expense 63.600 Loss from Impairment of Plant Assets 127,200 190800 Income From Operations 499260 Earnings Per Share Assistance Used Current Attempt in Progress The following balances were taken from the books of Bramble ASA on December 31, 2022. Interest revenue €91,160 Accumulated depreciation-equipment €42,400 Cash 54,060 Accumulated depreciation-buildings 29,680 1,356.800 Notes receivable 164,300 Sales revenue Accounts receivable 159,000 Selling expenses 205,640 21,200 Accounts payable 180,200 Prepaid insurance 159,000 Bonds payable 106,000 Sales returns and allowances 7,420 Administrative and general expenses 102,820 Allowance for doubtful accounts 33,920 47,700 Accrued liabilities Sales discounts 63,600 106,000 Interest expense Land 106,000 212,000 Notes payable Equipment 127,200 148,400 Loss from impairment of plant assets Buildings 530,000 658.260 Share capital-ordinary Cost of goods sold 22.260 Retained earnings Question 1 of 12 DRAMBLCASA Income Statement For the Year Ended December 31. 2022 Revenue Sales Revenue 1,356,800 Less Sales Discounts 47,700 Sales Returns and Allowances 159,000 206,700 Net Income/(Loss) 1,150.100 Cost of Goods Sold 658.260 491.840 Gross Profit / (Loss) Operating Expenses Selling Expenses 205.640 82'F Mostly clear Question 1 of 12 <> -/1 308,460 Other Income and Expense Interest Expense 63.600 Loss from Impairment of Plant Assets 127,200 190800 Income From Operations 499260 Earnings Per Share Assistance Used
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Income Statement Particulars Amount Sales Revenue 1356800 Less Sales returns and allowances 159... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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