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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

To determine

Concept Introduction:

Divisional income statement shows the Profit or Losses which the operating division generate during the accounting year after deducting cost of goods sold and operating expenses from the net revenue.

To Prepare:

The Divisional income Statement

Explanation

The Divisional income Statement is prepared as follows:

    Divisional Income Statement
    GPS Systems Division Communication Systems Division Total
    Sales $ 34,600,000 $ 13,200,000 $ 47,800,000
    (28800000+(100000*$58)

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