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Question 5 (3 points) Nimbus Company is a merchandiser of rain gear. The following amounts were found in the company's financial accounting records for the
Question 5 (3 points) Nimbus Company is a merchandiser of rain gear. The following amounts were found in the company's financial accounting records for the year just ended: CostofgoodssoldSelling,general,andadministrativeexpenses$95,000GrosssalesSalesreturnsandallowancesSalesdiscountsRentrevenueInterestexpense$302,300$510,000$25,000$5,500$7,500$5,000 Nimbus' operating income for the year was $95,700 $84,700 $145,700 $82,200 $69,700
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