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Q 1 : For the ended Dec . 3 1 , 2 0 2 1 , Canton Noodle Company had general and administrative expenses of
Q: For the ended Dec Canton Noodle Company had general and administrative expenses of
of sales or of cost sold Selling expenses equal of sales. Beginning inventories were
$ and purchases amounted to of sales. Income before income tax of was $
Required: Prepare income statement for the year ended Dec in amount and percentages
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