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EB 4 . LO 9 . 3 The following information is from Good Read Books. Good Read is a regional book store with three regional
EB LO The following information is from Good Read Books. Good Read is a regional book store with three regional stores. The May income statement for all stores is shown.Good Reads Books, Income Statement, Month Ending May for Store Store and Store respectively: Sales, $ $ $; Cost of goods sold, $ $ $; Gross profit, $ $ $; Expenses: Selling expenses, $ $ $; Wages expense, $ $ $; Costs allocated from corporate, $ $ $; Total expenses, $ $ $; Operating income loss $ $$
Comment on the operating income results for each store.
Now assume the costs allocated from corporate is an uncontrollable cost for each store. How does this change your assessment of each store?
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