Question
A Income statement data for Beach Companyfollow: CurrentPrior Net sales$2,610,000$1,936,000 Cost of goods sold 1,829,0001,256,000 Selling expenses396,800350,000 Administrative expenses 234,800198,400 Federal income taxes57,60054,000 Calculate the
AIncome statement data for Beach Companyfollow:
CurrentPrior
Net sales$2,610,000$1,936,000
Cost of goods sold 1,829,0001,256,000
Selling expenses396,800350,000
Administrative expenses 234,800198,400
Federal income taxes57,60054,000
Calculate the dollar amount and percent of change forcost of goods soldonly (Horizontal Analysis).
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
