Prepare your common sized income statement and a common sized balance sheet, Depreciation expense: Cash Long...

 

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Prepare your common sized income statement and a common sized balance sheet, Depreciation expense: Cash Long term debt Sales Accounts payable General and administrative expense Buildings and equipment Notes payable Accounts receivable Interest expense Accrued expenses Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Prepaid expenses Taxes payable Retained earnings 50,000$ 225,000$ 334,000$ 563,000$ 102,000$ 79,000 895,000 75,000 153,000 4,750 7,900 289,000 297,000 99,300 50,500 263,000 14,500 53,000 262,900 Prepare your common sized income statement and a common sized balance sheet, Depreciation expense: Cash Long term debt Sales Accounts payable General and administrative expense Buildings and equipment Notes payable Accounts receivable Interest expense Accrued expenses Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Prepaid expenses Taxes payable Retained earnings 50,000$ 225,000$ 334,000$ 563,000$ 102,000$ 79,000 895,000 75,000 153,000 4,750 7,900 289,000 297,000 99,300 50,500 263,000 14,500 53,000 262,900

Answer rating: 100% (QA)

Common Sized Income Statement Sales 10000 Cost of Goods Sold 297000 563000 5276 Gross Profit 10000 5... View the full answer