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Accounts Payable $8,100 Accounts Receivable $13,200 Accumulated Depreciation $1,100 Advertising Expense $1,300 Cash $19,200 Cash Dividends $3,400 Common Shares $14,400 Cost of Goods Sold $21,520
Accounts Payable $8,100 Accounts Receivable $13,200 Accumulated Depreciation $1,100 Advertising Expense $1,300 Cash $19,200 Cash Dividends $3,400 Common Shares $14,400 Cost of Goods Sold $21,520 Depreciation Expense-Office Equipment $60 Depreciation Expense-Store Equipment $600 Gain on Foreign Currency Translation Adjustments $240 Gain on Sale of Discontinued Operations $2,300 Income from Operating Discontinued Operations $7,900 Interest Expense $1,200 Merchandise Inventory $18,700 Miscellaneous Administrative Expenses $500 Notes Payable $24,000 Office Salaries Expense $1,700 Prepaid Insurance $1,700 Property, Plant and Equipment $27,300 Rent Expense-Office $430 Rent Expense-Retail $1,400 Retained Earnings (beginning balance) $9,172 Sales Salaries Expense $2,600 Sales Discounts $1,100 Sales Returns and Allowances $670 Sales Revenue $53,800 Unearned Revenue $1,800 Notes: Unlimited common shares are authorized and 2,940 have been issued and are currently outstanding. The notes payable is payable over 5 years and $4,800 will be paid by June 30, 2024.) Prepare a statement of comprehensive income by function for the year ended June 30, 2023. FlipFlop Inc. Statement of Comprehensive Income For the Year Ended June 30, 2023 Sales Revenue (net) Answer Cost of Goods Sold Answer Gross Profit Answer Selling Expenses Answer Administrative Expenses Answer Operating Profit Answer Finance Costs Answer Profit before Income Tax Answer Income Tax Ex
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