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will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. PretaxincomeGrossprofitAllocatedcosts(uncontrollable)LaborexpenseSalesResearchanddevelopment(uncontrollable)DepreciationexpenseNetincome/(loss)CostofgoodssoldSellingexpenseTotalexpensesMarketingcosts(uncontrollable)AdministrativeexpenseIncometaxexpense(21%ofpretaxincome)Otherexpenses??$2,04041,590190,00031018,000?119,7001,260?780680?320 A. Prepare the
will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. PretaxincomeGrossprofitAllocatedcosts(uncontrollable)LaborexpenseSalesResearchanddevelopment(uncontrollable)DepreciationexpenseNetincome/(loss)CostofgoodssoldSellingexpenseTotalexpensesMarketingcosts(uncontrollable)AdministrativeexpenseIncometaxexpense(21%ofpretaxincome)Otherexpenses??$2,04041,590190,00031018,000?119,7001,260?780680?320 A. Prepare the income statement using the above information. Round your answers to the nearest dollar. BDS Enterprises Income Statement For the Year Ended Dec. 31, 20xx C. Which of the following statements is correct? Uncontrollable costs are included in the income statement because a. these costs ultimately affect each division. b. these costs are the responsibility of each division manager. c. these costs are non-recurring. d. these costs are head office's responsibility
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