The following data were summarized from the accounting records for Vintage Construction Company for the year ended
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The following data were summarized from the accounting records for Vintage Construction Company for the year ended October 31, 20Y3.
Prepare divisional income statements for Vintage Construction Company.
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Administrative expenses Sales: Commercial Division Residential Division 500,000 250,000 Commercial Division Residential Division Service department charges Commercial Division Residential Division $6,250,000 1,875,000 Cost of goods sold: Commercial Division$3,800,000 Residential Division $1,000,000 ,300,000
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