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To prepare multi step income statement MSM and to find out what is GROSS PROFIT - Sales 550000 - Salaries exp. 51000 - Sales returns
To prepare multi step income statement "MSM" and to find out what is GROSS PROFIT - Sales 550000 - Salaries exp. 51000 - Sales returns and allowances 16700 - Sales discounts 4300 -Rent exp. 19000 - Cost of goods sold 355000 - Utilities exp. 17000 -Advertising exp. 16000 -Interest revenue 2200 -Depreciation exp. 8000 - Rent revenue 2700 -Freight out 7000 -Insurance exp. 1500 -Interest exp. 1800 To prepare multi step income statement "MSM" and to find out what is GROSS PROFIT - Sales 550000 - Salaries exp. 51000 - Sales returns and allowances 16700 - Sales discounts 4300 -Rent exp. 19000 - Cost of goods sold 355000 - Utilities exp. 17000 -Advertising exp. 16000 -Interest revenue 2200 -Depreciation exp. 8000 - Rent revenue 2700 -Freight out 7000 -Insurance exp. 1500 -Interest exp. 1800
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Auditing Essentials
Authors: Frank C Giove
1st Edition
0738671509, 9780738671505
