FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sales
$256,500
Selling and Administrative
$23,000
expenses
R&D expense
Interest expense
$5,000
$800
Losses on derivatives (OCI item) $1,600
Income tax expense
$28,500
Cost of goods sold
112,000
Taxes
30%
Average shareholder equity
$500,000
Compute Comprehensive Income
O $87,200
$116,500
O $85,600
O $112,500
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Transcribed Image Text:Sales $256,500 Selling and Administrative $23,000 expenses R&D expense Interest expense $5,000 $800 Losses on derivatives (OCI item) $1,600 Income tax expense $28,500 Cost of goods sold 112,000 Taxes 30% Average shareholder equity $500,000 Compute Comprehensive Income O $87,200 $116,500 O $85,600 O $112,500
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