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37. Income Statement. Auto Products, Inc., had the following activity for the month of October. Sales revenue $1,100,000 Selling expenses $ 300,000 General and administrative
37. Income Statement. Auto Products, Inc., had the following activity for the month of October.
| Sales revenue | $1,100,000 |
| Selling expenses | $ 300,000 |
| General and administrative expenses | $ 230,000 |
| Cost of goods sold | $ 475,000 |
Required:
Prepare an income statement for the month of October.
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
