The income statement information of the Weeden Furniture Company for 2000 and 2001 is as follows: 2000

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The income statement information of the Weeden Furniture Company for 2000 and 2001 is as follows:

2000 200!

Cost of goods sold $

(a) $59,300 Interest expense 500 0 Selling expenses

(b) 10,800 Operating income 20,800 (d)

Sales (net) 97,000 (e)

General expenses 7,900 Net income

(c) 21,600 Interest revenue 0 600 Gross profit 39,000 40,200 Required: Fill in the blanks lettered

(a) through (f).All the necessary information is listed.  lo1

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley

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