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Use the following information to determine the missing numbers from the Income Statement Revenues $180 Cost of Goods Sold ? Gross Profit 60 SG&A Expense
Use the following information to determine the missing numbers from the Income Statement
| Revenues | $180 |
| Cost of Goods Sold | ? |
| Gross Profit | 60 |
| SG&A Expense | ? |
| Pre-tax Income | 40 |
| Tax Expense (40% of Pre-tax Income) | ? |
| Net Income | ? |
How much is Cost of Good Sold?
How much is SG&A Expense?
How much is Tax Expense?
How much is Net Income?
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Advanced Level Audit Q And A 2014
Authors: ACA Simplified
1st Edition
1500852538, 978-1500852535
