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Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Administrative Salaries expense 13,300 Depreciation of office

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Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Administrative Salaries expense 13,300 Depreciation of office 14,100 Cost of goods sold 29,000 equipment If this information was used to prepare an an income statement Gross Profit should be: Select one: a. 130,000 b. 125,000 c. 270,000 d. 131,000 e. 154,000 Accounts Accounts Bond payable (due in four years) Accumulated depreciation equipment Pension liability 78,000 Equipment 10,000 Prepaid rent 10,000 Accounts payable 37,320 Salaries payable 40,000 5,000 3,600 Long term investment 900 If this information was used to prepare a statement of financial position, Total Non-current liabilities should be Select one: a. 78,000 96.000 3600 d. 14.400 88,000 Muscat Co. just starting business made the following four invelty purchases in June: Uniti Unit Cost Total Cost June 1 150 units 5.2 June 10 200 units 5.85 June 15 200 units 6.4 June 28 150 units 6.6 A physical count of inventory on June 30 show that 200 units on hand. Using the FIFO inventory method, the value of the Cost of goods Sold on June 30 is: Select one: a 21073 6.2,073 28 02810 e. 2910

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