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For Mortenson Company, the following information is available: Cost of goods sold $130,000 Dividend revenue 5,000 Income tax expense 12,000 Operating expenses 46,000 Sales revenue
For Mortenson Company, the following information is available:
| Cost of goods sold | $130,000 |
| Dividend revenue | 5,000 |
| Income tax expense | 12,000 |
| Operating expenses | 46,000 |
| Sales revenue | 200,000 |
In Mortenson's single-step income statement, gross profit
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
13th Canadian edition
133405508, 978-0133405507
