Calculate for the profit given the data below: Sales P2,000,000 50,000 400,000 Prepaid Rent Expense (2 months advance payment) Cost of Sales Operating Expenses Admin Expenses 300,000 100,000 A P1,150,000 B. P1,200,000 C. P1,250,000 D. None of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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_2.
Calculate for the profit given the data below:
Sales
Prepaid Rent Expense (2 months advance payment)
Cost of Sales
Operating Expenses
Admin Expenses
P2,000,000
50,000
400,000
300,000
100,000
A. P1,150,000
В. Р1,200,000
С. Р1,250,000
D. None of the above
Transcribed Image Text:_2. Calculate for the profit given the data below: Sales Prepaid Rent Expense (2 months advance payment) Cost of Sales Operating Expenses Admin Expenses P2,000,000 50,000 400,000 300,000 100,000 A. P1,150,000 В. Р1,200,000 С. Р1,250,000 D. None of the above
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