Question
Given the following information for the year ended 12/31/X3: Balances DR (CR) Sales Revenue(210,000)Selling and Administrative Expense42,000Sales Discounts6,000Sales Returns and Allowance11,000Cost of Goods Sold125,000Interest Expense4,000
Given the following information for the year ended 12/31/X3:
Balances
DR (CR)
Sales Revenue(210,000)Selling and Administrative Expense42,000Sales Discounts6,000Sales Returns and Allowance11,000Cost of Goods Sold125,000Interest Expense4,000
Determine the 20X3gross margin:
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
