Sales Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating Expenses Salarles and Wages Expense Depreciation Expense Supplies Expense Total Operating Expenses Income Before Income Taxes Income Tax Expense Net Income /(Loss) 19,500 387 3,700 200 1,700 19,113 13,200 5,913 5,600 i 11,513 100 11,413

Sales Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating Expenses Salarles and Wages Expense Depreciation Expense Supplies Expense Total Operating Expenses Income Before Income Taxes Income Tax Expense Net Income /(Loss) 19,500 387 3,700 200 1,700 19,113 13,200 5,913 5,600 i 11,513 100 11,413

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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