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The Multi-step Income Statement Dino Company, a merchandising firm, reports the following data for the month ended January 31: Operating expenses $4,500 Cost of goods
The Multi-step Income Statement Dino Company, a merchandising firm, reports the following data for the month ended January 31:
Operating expenses | $4,500 |
Cost of goods sold | 6,000 |
Net sales | 15,000 |
Income tax expense | 1,800 |
Other income | 750 |
Prepare a multi-step income statement for Dino Company for the month of January. Do not use negative signs with your answers.
Question 8 Partially correct Mark 1.76 out of 5.00 P Flag question The Multi-step Income Statement Dino Company, a merchandising firm, reports the following data for the month ended January 31 Operating expenses $4,500 Cost of goods sold 6,000 Net sales 15,000 Income tax expense 1,800 Other income 750 Prepare a multi-step income statement for Dino Company for the month of January. Do not use negative signs with your answers. Dino Company Income Statement For Month Ended January 31 Net sales $ 15,000 Other income x 750 X Income before income tax x 15,750 X Cost of goods sold X 6,000 X Gross profit x 9,750 x Operating expenses X 4,500 x Operating income x 5,250 Income tax expense 1,800 Net income $ 3,450 Check You have correctly selected 6. Partially correct Marks for this submission: 1.76/5.00
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