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accounting

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Financial information is presented below for three different companies.;Determine the missing amounts.;Allen Cosmetics Bast Grocery Corr Wholesalers;Sales revenue $90,000 $ (e) $122,000;Sales returns and allowances (a) 5,000 12,000;Net sales 86,000 95,000 (i);Cost of goods sold 56,000 (f) (j);Gross profit (b) 38,000 24,000;Operating expenses 15,000 (g) 18,000;Income from operations (c) (h) (k);Other expenses and losses 4,000 7,000 (l);Net income (d) 11,000 5,000

 

Paper#80726 | Written in 18-Jul-2015

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