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P4.12 (Statement of Comprehensive Income) Rosi Inc. imports high -end wooden furniture from overseas and sells it to furniture stores. The following are amounts extracted
P4.12 (Statement of Comprehensive Income) Rosi Inc. imports high -end wooden furniture from overseas and sells it to furniture stores. The following are amounts extracted from the company's general ledger for January 2012:
P4.12 (Statement of Comprehensive Income Rosi Inc. imports high-end wooden furniture from overseas and sells it to furniture stores. The following are amounts extracted from the company's general ledger for January 2012 Administrative salaries 5,000 Commission paid to sales people 2,100 Depreciation of office furniture and equipment 2,500 Dividends paid 5,000 Income tax expense 12,000 Interest paid 800 Inventory of furniture for sale-January 1 12,000 Inventory of furniture for sale anuary 31 56,000 Office rent and utilities 3,100 Purchase of furniture for sale 178,000 Sales 200,000 Prepare the company's statement of comprehensive income for January 2012Step by Step Solution
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