Question
Anincome statement data for Boston Company for 2015 and 2016 follow: 20152016 Net sales$2,610,000$1,936,000 Cost of goods sold1,829,6001,256,400 Selling expenses396,800350,000 Administrative expenses234,800198,400 Federal income taxes57,60054,000
Anincome statement data for Boston Company for 2015 and 2016 follow:
20152016
Net sales$2,610,000$1,936,000
Cost of goods sold1,829,6001,256,400
Selling expenses396,800350,000
Administrative expenses234,800198,400
Federal income taxes57,60054,000
Calculate the common size percent for sellingexpenses in 2016.
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
130565417X, 1305654174, 9781285972572 , 978-1285182964
