Question 23 Based on the following information provided by Max Trading Company on December 31, 2000, the end of its accounting period: Sales Sales Returns & Allowances P 780,000 15,000 19,000 420,000 12,000 8,000 2,000 50,000 s0,000 120,000 16,000 Sales Discount Purchases Freight in Purchase Returns & Allowances Purchase Discount Beginning Inventory Ending Inventory Operating expenses Other Income Other Expenses 3,000 How much is the net profit from operations? Oa P367,000 P 234,000 P 356.000 P 370,000
Question 23 Based on the following information provided by Max Trading Company on December 31, 2000, the end of its accounting period: Sales Sales Returns & Allowances P 780,000 15,000 19,000 420,000 12,000 8,000 2,000 50,000 s0,000 120,000 16,000 Sales Discount Purchases Freight in Purchase Returns & Allowances Purchase Discount Beginning Inventory Ending Inventory Operating expenses Other Income Other Expenses 3,000 How much is the net profit from operations? Oa P367,000 P 234,000 P 356.000 P 370,000
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 14.5BE: Inventory analysis A company reports the following: Cost of goods sold 435,000 Average inventory...
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