Question
BERNARDS BEER HAS SALES OF 2018 $65000, 2019 $78000 AND 2020 102000.COGS IS 66 PERCENT OF SALES EACH YEAR.EXPENSES ARE CONSTANT AT $10000 PER YEAR.TAX
BERNARDS BEER HAS SALES OF 2018 $65000, 2019 $78000 AND 2020 102000.COGS IS 66 PERCENT OF SALES EACH YEAR.EXPENSES ARE CONSTANT AT $10000 PER YEAR.TAX RATE IS 35 PERCENT FIRST TWO YEARS AND DROPS T0 21 PERCENT FOR 2020.SHOW ME THE INCOME STATEMENT FOR ALL THREE YEARS INCLUDING TAXES?
EXPLAIN WHAT BERNARD COULD DO OR SHOW ME IF IN 2020 HE HAD A $11000 LOSS?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
