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The following information is for Flounder Enterprises Ltd: Using the above information, prepare monthly income statements (as far as the data permit) in colurnnar form
The following information is for Flounder Enterprises Ltd: Using the above information, prepare monthly income statements (as far as the data permit) in colurnnar form for February, March, and April. Show the inventory in the statement at cost; show the gain or loss due to fluctuations in NRV separately. Flounder uses the indirect or allowance method. (Enter negative amounts using either a negotive sign preceding the number cg45 or parentheses es. (45).)
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