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Enter the missing dollar amounts for the income statement for each of the following independent cases. ( Hint: In Case B, work from the bottom
Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.)
case A Case B Case C
| net sales | 7500 | 5050 | ||||
| beg. inv | 11200 | 7000 | 4000 | |||
| purchases | 4500 | 9500 | ||||
| Goods avail for sale |
| 15050 | 13500 | |||
| Ending Inv | 9000 | 11050 | ||||
| COGS | 4200 | |||||
| Gross Profit | 800 | |||||
| Expenses | 300 | 700 | ||||
| Pretax income (loss) | 500 | 150 |
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The Essential Controller An Introduction To What Every Financial Manager Must Know
Authors: Steven M. Bragg
2nd Edition
1118169972, 9781118169971
