XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the
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Question:
XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the following incurred expenses:
• Operating expense P4M
• Selling and administrative expense P2M
• Interest expense P1M
• tax P1 M
Calculate the following:
1. Net Income
2. Gross Profit
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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