Fill in the blanks in the following income statements. Identify any losses by putting the amount in parentheses. d $40,000 $85,000 $24,000 $ ? $59,000 Sales Cost of goods sold: Beginning inventory $ 6,200 $ 4,000 24,000 $ 5,000 $ 3,500 $ 6,400 14,000 Purchases Ending inventory Cost of goods sold Gross profit . Expenses . Net income (loss) ? ? 16,000 ? (5,400) (6,000) $ ? $ 2,500 (3,300) ? $31,800 S ? $22,700 $ ? $14,000 $ ? $22,800 $ ? 6,000 21,300 8,100 1,300 15,000 $ ? S31,900 S (5,600) $21,500 S ?
Fill in the blanks in the following income statements. Identify any losses by putting the amount in parentheses. d $40,000 $85,000 $24,000 $ ? $59,000 Sales Cost of goods sold: Beginning inventory $ 6,200 $ 4,000 24,000 $ 5,000 $ 3,500 $ 6,400 14,000 Purchases Ending inventory Cost of goods sold Gross profit . Expenses . Net income (loss) ? ? 16,000 ? (5,400) (6,000) $ ? $ 2,500 (3,300) ? $31,800 S ? $22,700 $ ? $14,000 $ ? $22,800 $ ? 6,000 21,300 8,100 1,300 15,000 $ ? S31,900 S (5,600) $21,500 S ?
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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