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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![es
E3-1 Inferring Statement of Earnings Values LO3-2
Supply the missing dollar amounts for the 2020 statement of earnings of Ultimate Style Company for each of the following
independent cases:
Sales revenue
Selling expense
Cost of sales
Income tax expense
Gross profit
Earnings before income tax
Administrative expense
Net earnings
Case A Case B
$ 980
780
162
420
50
360
114
520
42
460
228
170
186
GA
64
Case C Case D
$ 490
92
32
86
72
54
412
520
60
218
120
158
< Prev
Case E
$
830
262
350
34
480
118
100
84
1 of 3
Next >](https://content.bartleby.com/qna-images/question/fbc4c8d9-b670-4baa-a450-983d78183b4c/bc4e2ec3-12db-46cc-b12b-09ccd2f39de9/lfk4h4q_thumbnail.jpeg)
Transcribed Image Text:es
E3-1 Inferring Statement of Earnings Values LO3-2
Supply the missing dollar amounts for the 2020 statement of earnings of Ultimate Style Company for each of the following
independent cases:
Sales revenue
Selling expense
Cost of sales
Income tax expense
Gross profit
Earnings before income tax
Administrative expense
Net earnings
Case A Case B
$ 980
780
162
420
50
360
114
520
42
460
228
170
186
GA
64
Case C Case D
$ 490
92
32
86
72
54
412
520
60
218
120
158
< Prev
Case E
$
830
262
350
34
480
118
100
84
1 of 3
Next >
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