Below are selective account balances of SAMA company on December 31, 2020 sales discount 45000 purshase R&A.
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Question:
Below are selective account balances of SAMA company on December 31, 2020
sales discount 45000
purshase R&A. 23000
sales R&A. 31000
Freight in. 33000
operating expense 125000
sales. 705000
interest revenue. 11000
loss from strike. 9200
ending inventory. 243000
purshase 633000
purshase discount. 43000
loss from sabotage 10000
gain from disposal of fixed assets 11000
beginning inventory. 123000
Based on the data above, Cost of Goods Available for Sale (COGAS) is: *
$572,000
$723,000
$480,000
$718,000
None of the above
Based on the data above, Income from operation is: *
$12,000
$9,200
$36,800
$24,000
None of the above
Based on the data above, Other expenses and losses are equal to: *
$12,000
$19,200
$36,800
$34,000
None of the above
Based on the data above, Net Purchase is: *
$567,000
$628,000
$600,000
$590,000
None of the above
Based on the data above, Other revenues and gains are equal to: *
$22,000
$9,200
$36,800
$34,000
None of the above
Based on the data above, Net Sales is *
$154,000
$634,000
$629,000
$590,000
None of the above
Based on the data above, Net Income is: *
$12,000
$9,200
$26,800
$34,000
None of the above
Based on the data above, gross profit is *
$149,000
$634,000
$600,000
$590,000
None of the above
Based on the data above, Cost of Goods Sold (COGS) is: *
$572,000
$728,000
$480,000
$718,000
None of the above
Based on the data above, Cost of Goods Purchased (COGP) is: *
572,000
$634,000
$600,000
$590,000
None of the above
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