Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve all 3 Click Submit to complete this assessment Question 20 in the income statement for a marchandising company, if the net purchases are

please solve all 3
image text in transcribed
image text in transcribed
image text in transcribed
Click Submit to complete this assessment Question 20 in the income statement for a marchandising company, if the net purchases are 600000, and the freight in a 50000, how much is the net cost of purchases? A650.000 8,600,000 C550,000 1.500.000 O E None of the above Question 19 in the income statement for a merchandising comary.the cost of goods wilable for sale is 450000 and the cost of goods sold is 300.000 how much is the ending story A750,000 6.450,000 C100,000 0.150.000 None of the above Question 18 What type of account is sales revenue? A. Asset O B. Liability C. Equity--Capital D. Equity--Revenue E. Contra Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions