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Check My Work (3 remaining) ebook (2) Accounting Equation and Income Statement Staples, Inc., is a leading office products distributor, with retail stores in the
Check My Work (3 remaining) ebook (2) Accounting Equation and Income Statement Staples, Inc., is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were adapted from recent financial statements of Staples: Year 2 Year 1 (in thousands) (in thousands) Total assets $16,679,514 $15,885,251 Total liabilities (1) 7,148,363 Total stockholders' equity 7,505,781 Sales 25,910,168 Cost of goods sold 11,659,576 Selling and administrative expenses 5,048,492 Other expense (net) 233,372 Income tax expense 475,308 Enter amounts in thousands a. Determine the missing data indicated for (1) and (2). Total liabilities for Year 2 thousand Total stockholders equity for Year 1 thousand b. Using the income statement data for Year 2, determine the amount of net income or net loss Selects thousand Check My Work (3 remaining)
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