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12. Ortiz Co. had the following account balances: Sales revenue 120,000 Cost of goods sold 60,000 Salaries and wages expense 10,000 Depreciation expense 20,000 Dividend
12. Ortiz Co. had the following account balances: Sales revenue 120,000 Cost of goods sold 60,000 Salaries and wages expense 10,000 Depreciation expense 20,000 Dividend revenue 4,000 Utilities expense 8,000 Rent revenue 21,000 Interest expense 12,000 Sales returns 11,000 Advertising expense 13,000 What amount would Ortiz report as other income and expense in its income statement? (3 Points) 142,560 2. If a gain of $15,000 is incurred in selling (for cash) office equipment having a book value of $85,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is (3 Points) $95,000. $115,000. $15,000. $100,000
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