The following data were summarized from the accounting records for Ruiz Industries Inc. for the year...
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The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2018: Cost of goods sold: Support department allocations: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division $496,750 248,670 Commercial Division Residential Division Sales: $90,320 Commercial Division 88,810. Residential Division Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 Commercial Division Residential Division $67,740 43,070 $752,650 444,060 12 The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2018: Cost of goods sold: Support department allocations: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division $496,750 248,670 Commercial Division Residential Division Sales: $90,320 Commercial Division 88,810. Residential Division Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 Commercial Division Residential Division $67,740 43,070 $752,650 444,060 12
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Operating Income Sales Cost of Goods Sold Administrative Expenses Support Department Allocations Co... View the full answer
Related Book For
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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