Explain the tabulations of income statement data, Accounting Basics

Explain the tabulations of income statement data

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts missing. 2011 2012 2013 Sales revenue 293380 ? ? Sales returns & allow 6380 13450 ? net sales ? 349640 ? begin inventory 21650 33460 ? End inventory ? ? ? Purchases ? 264890 299150 Purchase returns & Allow 5280 8370 10440 Freight in 8390 9430 12170 COGS 239120 ? 304570 Gross profit on sales 47880 92410 98750

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Accounting Basics: Explain the tabulations of income statement data

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Accounting Basics: Explain the tabulations of income statement data

Reference No:- TGS0714602

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Recent Questions Asked Accounting Basics

Q : Discuss the merits of this proposition

Q : How close will charge come to the plane before stopping

Q : Prepare a schedule of expected cash collections

Q : Determine a job order cost accounting system

Q : Explain the tabulations of income statement data

Q : Main bearing cap

Q : How company be indifferent between making and buying

Q : Calculate the power required to operate the pump

Q : What is the total cost of the departmental work in process

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the tabulations of income statement data

Reference No:- TGS0714602

Recent Questions Asked Accounting Basics

Q : Discuss the merits of this proposition

Q : How close will charge come to the plane before stopping

Q : Prepare a schedule of expected cash collections

Q : Determine a job order cost accounting system

Q : Explain the tabulations of income statement data

Q : Main bearing cap

Q : How company be indifferent between making and buying

Q : Calculate the power required to operate the pump

Q : What is the total cost of the departmental work in process

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