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For Bigboss Corporation, you are given with the following information for the year ended December 31 2018. Sales revenue $700,000 25,000 Royalty revenue Loss on
For Bigboss Corporation, you are given with the following information for the year ended December 31 2018. Sales revenue $700,000 25,000 Royalty revenue Loss on sale of investments 35,000 Distribution expense Cost of goods sold General and administrative expense 123,000 350,000 125,000 110,000 Selling expenses Marketing expenses Depreciation expense 50,000 70,000 Commission income 15,000 19,000 Interest expense Income tax expense (35%)
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