Question
Budgeted sales for April is; $500 cash sales and $800 sales on credit. The company expects a 25% increase in sales per month for May
Budgeted sales for April is; $500 cash sales and $800 sales on credit. The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company s 2nd quarter pro forma income statement would be
a.$2,031.25.
b.$4,956.25.
c.$3,050.00.
d.$3,656.25.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
