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I dont know if these are the right answers but I attemped the first income statement but Im really confused about how to do the
I dont know if these are the right answers but I attemped the first income statement but Im really confused about how to do the second one.
Suppose in its income statement for the year ended June 30,2017, The Clorox Company reported the following condensed data (dollars in millions) Salaries and wages expenses 450 Research and development expense $120 423 40 Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances 75 5,775 155 515 285 Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 2,745 100 45 Assume a tax rate of 34% Step by Step Solution
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