1. Corp A reported the following on its 2020 Income Statement (millions): Revenue Gross Profit $145,685...
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1. Corp A reported the following on its 2020 Income Statement (millions): Revenue Gross Profit $145,685 $78,288 SG&A Expense $34,980 What did Corp A report for cost of goods sold during 2020? What was the gross profit %? 2. Corp A reports a net loss for 2020 of $780 million, retained earnings at the end of the year of $17,893million, and dividends during the year of $1,752million. What was Corp A's retained earnings at the start of 2020? 1. Corp A reported the following on its 2020 Income Statement (millions): Revenue Gross Profit $145,685 $78,288 SG&A Expense $34,980 What did Corp A report for cost of goods sold during 2020? What was the gross profit %? 2. Corp A reports a net loss for 2020 of $780 million, retained earnings at the end of the year of $17,893million, and dividends during the year of $1,752million. What was Corp A's retained earnings at the start of 2020?
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1 To calculate the cost of goods sold COGS for Corp A in 2020 we can use the formula COGS Revenue Gr... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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