Question
resented below is information related to Nash Corp. for the year 2017. Net sales$1,385,200Write-off of inventory due to obsolescence$82,320Cost of goods sold785,900Depreciation expense omitted by
resented below is information related to Nash Corp. for the year 2017.
Net sales$1,385,200Write-off of inventory due to obsolescence$82,320Cost of goods sold785,900Depreciation expense omitted by accident in 201648,800Selling expenses69,400Casualty loss54,100Administrative expenses51,600Cash dividends declared41,270Dividend revenue25,900Retained earnings at December 31, 2016988,070Interest revenue7,360Effective tax rate of34% on all items
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
