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What is the value of B? Financial information is presented below for three different companies: Liz's Cosmetics Allied Wholesalers Monroe Grocery (c) 6,000 94.000 (d) 100,000 10,000 50,000 P144,000 12,000 132,000 44,000 (e) 8,000 30,000 P90,000 Sales Sales returns (a) 74,000 14,000 88,000 6,000 (b) 64.000 10,000 Net sales Beg. Inventory Purchases Purchase returns Ending inventory Cost of goods sold Gross profit 72,000 22,000 (f) 24,000

What is the value of B? Financial information is presented below for three different companies: Liz's Cosmetics Allied Wholesalers Monroe Grocery (c) 6,000 94.000 (d) 100,000 10,000 50,000 P144,000 12,000 132,000 44,000 (e) 8,000 30,000 P90,000 Sales Sales returns (a) 74,000 14,000 88,000 6,000 (b) 64.000 10,000 Net sales Beg. Inventory Purchases Purchase returns Ending inventory Cost of goods sold Gross profit 72,000 22,000 (f) 24,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the value of B? Financial information is presented below for three different.companies: Liz's Cosmetics P90,000 (a) 74,000 14,000 88,000 6,000 (b) 64,000 10,000 Monroe Grocery (c) P 6,000 94.000 (d) 100,000 10,000 50,000 72,000 22,000 Allied Wholesalers P144,000 12,000 132,000 44,000 Sales Sales returns Net sales Beg. Inventory Purchases (e) 8,000 30,000 Purchase returns Ending inventory Cost of goods sold Gross profit (f) 24,000
Transcribed Image Text:What is the value of B? Financial information is presented below for three different.companies: Liz's Cosmetics P90,000 (a) 74,000 14,000 88,000 6,000 (b) 64,000 10,000 Monroe Grocery (c) P 6,000 94.000 (d) 100,000 10,000 50,000 72,000 22,000 Allied Wholesalers P144,000 12,000 132,000 44,000 Sales Sales returns Net sales Beg. Inventory Purchases (e) 8,000 30,000 Purchase returns Ending inventory Cost of goods sold Gross profit (f) 24,000
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