The following numbers were taken from Scotti Ltd. Company income statement for the year ending on...
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The following numbers were taken from Scotti Ltd. Company income statement for the year ending on December 31st, 2020 (in USD): Revenues Tax expenses Marketing and sales expenses Cost of goods sold Depreciation expenses Financial income Financial expenses Insurance expenses General and administrative payroll expenses 1,000,000 5,000 35,000 ??? 22,000 12,000 15,000 17,000 50,000 The net income for the tear is $168,000. Assume that the above are all the items on the 2020 income statement. Net purchases were $450,000, Payments to suppliers were $440,000 and the inventory as of December 31, 2019, was $490,000, what is the inventory amount as of December 31 2020? a. $230,000 b. $240,000 C. $420,000 d. $940,000 e. $740,000 The following numbers were taken from Scotti Ltd. Company income statement for the year ending on December 31st, 2020 (in USD): Revenues Tax expenses Marketing and sales expenses Cost of goods sold Depreciation expenses Financial income Financial expenses Insurance expenses General and administrative payroll expenses 1,000,000 5,000 35,000 ??? 22,000 12,000 15,000 17,000 50,000 The net income for the tear is $168,000. Assume that the above are all the items on the 2020 income statement. Net purchases were $450,000, Payments to suppliers were $440,000 and the inventory as of December 31, 2019, was $490,000, what is the inventory amount as of December 31 2020? a. $230,000 b. $240,000 C. $420,000 d. $940,000 e. $740,000
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