Insurance expense 18,200 Administrative Salaries expense 16,300 Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Cost of goods sold 29,000 If this information was used to prepare an income statement, Total Administrative Expenses should be: Select one: a. 25,800 b. 14,100 c. 34,500 d. 23,500 e. 16,300

Insurance expense 18,200 Administrative Salaries expense 16,300 Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Cost of goods sold 29,000 If this information was used to prepare an income statement, Total Administrative Expenses should be: Select one: a. 25,800 b. 14,100 c. 34,500 d. 23,500 e. 16,300

Name: Insurance expense18,200Administrative Salaries expense16,300Sales reve
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Description: Insurance expense18,200Administrative Salaries expense16,300Sales revenue160,000Income taxes30,000Sales returns and allowances6,000Advertising expense10,200Sales salaries expense15,600Cost of goods sold29,000 If this information was used to prep

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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Below are the Income Statement of ABC Company for two consecutive years. ABC Company Net Sales Cost of Goods Soldxs3 Year 1 P 5,000,000 880,000 Year 2 P 6,500,000 950,000
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Insurance expense	18,200	Administrative Salaries expense	16,300
Sales revenue	160,000	Income taxes	30,000
Sales returns and allowances	6,000	Advertising expense	10,200
Sales salaries expense	15,600	Cost of goods sold	29,000