Below are selective account balances of SAMA company on December 31, 2019:

Based on the data above, Net Purchase is: * $27,000 $62,000 $23,000 $50,000

Based on the data above, Cost of Goods Purchased (COGP) is: * $21,500 $25,500 $55,500 $23,500

Based on the data above, Cost of Goods Available for Sale (COGAFS) is: * $35,500 $27,500 $33,500 None of the above

Based on the data above, Cost of Goods Sold (COGS) is: * $34,000 $30,000 $36,000 $25,000

Based on the data above, Net Sales is * $83,000 $34,000 $71,000 $95,000

Based on the data above, gross profit is * $54,000 $34,000 $53,000 $41,000

Based on the data above, Income from operation is: * $12,000 $26,000 $22,000 $34,000

Based on the data above, Other revenues and gains are equal to: * $3200 $300 $800 $500

Based on the data above, Other expenses and losses are equal to: * $12,000 $9,200 $2,250 $34,000

Based on the data above, Net Income is: * $12,000 $26,000 $36,800 $24,550

Freight-in is equal to $500, does it represent * Free on-board shipping point Free on-board destination None of the above

Below are selective account balances of SAMA company on December 31, 2019:

1) Based on the data above, Net Purchase is: * a- $27,000 b- $62,000 c- $23,000 d- $50,000

2) Based on the data above, Cost of Goods Purchased (COGP) is: * a- $21,500 b- $25,500 c- $55,500 d- $23,500

3) Based on the data above, Cost of Goods Available for Sale (COGAFS) is: * a- $35,500 b- $27,500 c- $33,500 d- None of the above

4) Based on the data above, Cost of Goods Sold (COGS) is: * a- $34,000 b- $30,000 c- $36,000 d- $25,000

5) Based on the data above, Net Sales is * a- $83,000 b- $34,000 c- $71,000 d- $95,000

6) Based on the data above, gross profit is * a- $54,000 b- $34,000 c- $53,000 d- $41,000

7) Based on the data above, Income from operation is: * a- $12,000 b- $26,000 c- $22,000 d- $34,000 8) Based on the data above, Other revenues and gains are equal to: * a- $3200 b- $300 c- $800 d- $500

9) Based on the data above, Other expenses and losses are equal to: * a- $12,000 b- $9,200 c- $2,250 d- $34,000

10) Based on the data above, Net Income is: * a- $12,000 b- $26,000 c- $36,800 d- $24,550

11) Freight-in is equal to $500, does it represent * a- Free on-board shipping point b- Free on-board destination c- None of the above

Sales discount $10,000 Purchase R&A 1.500 Sales R&A 2.000 Freight in 500 Operating Expense 15,000 Sales 83,000 Interest Revenue 500 Loss from strike 1.000 Ending Inventory 5,500 Purchase 25,000 Purchase discount 500 Loss from sabotage 1.250 Gain from diposal of fixed assets 300 Beginning Inventory 12,000 Sales discount $10,000 Purchase R&A 1.500 Sales R&A 2.000 Freight in 500 Operating Expense 15,000 Sales 83,000 Interest Revenue 500 Loss from strike 1.000 Ending Inventory 5,500 Purchase 25,000 Purchase discount 500 Loss from sabotage 1.250 Gain from diposal of fixed assets 300 Beginning Inventory 12,000