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Thursday, July 30, 2015

Presented here are the components in Pedersen Company’s income statement

BE5-1 Presented here are the components in Pedersen Company’s income statement. Determine the missing amounts.

Cost of Gross Operating Net
Sales Goods Sold Profit Expenses Income
$ 71,200 (b) $ 30,000 (d) $10,800
$108,000 $70,000 (c) (e) $29,500
(a) $71,900 $109,600 $46,200 (f )

Click here for the solution: Presented here are the components in Pedersen Company’s income statement