Determining amounts for items omitted from income statement OBJ. 3 Two items are omitted in each of

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Determining amounts for items omitted from income statement OBJ. 3 Two items are omitted in each of the following four lists of income statement data.

Determine the amounts of the missing items, identifying them by letter.

Sales $463,400

(b) $1,295,000 (d)

Cost of merchandise sold

(a) 410,000

(c) 900,000 Gross profit 83,500 $277,500 275,000 600,000

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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