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Showing posts with label Korinek Company. Show all posts
Showing posts with label Korinek Company. Show all posts

Friday, October 9, 2015

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

ACC 290 Week 5 Assignment

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

Sales Cost of Gross Operating Net
Revenue Goods Sold Profit Expenses Income
$ 71,200 (b) $ 30,000 (d) $12,100
$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 Korinek Company’s income statement