2018852,0002017912,000otal revenueexpenses$402,000Osts of goods soldelling/general experies 232,000$ 408,000264,00010,500Interest expenses9,20084,000$3,000ncome tax expense726,200766,500total expenses.Net income125,800145,000726,200Show Amount increase / decrease and also the Percentage

Formula used: Amount Increase = 2018 Amount - 2017 Amount

2018 852,000 otal revenue expenses osts of goods sold elling/general experies 232,000 9,200 $402,000 nterest expenses ncome tax expense $3,000 736,200 total expenses Net income 125,100 2017 912,000 $ 408,000 264,000 10,500 84,000 766,500 145,000

2018 852,000 otal revenue expenses osts of goods sold elling/general experies 232,000 9,200 $402,000 nterest expenses ncome tax expense $3,000 736,200 total expenses Net income 125,100 2017 912,000 $ 408,000 264,000 10,500 84,000 766,500 145,000

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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Question

2018
852,000
2017
912,000
otal revenue
expenses
$402,000
Osts of goods sold
elling/general experies 232,000
$ 408,000
264,000
10,500
Interest expenses
9,200
84,000
$3,000
ncome tax expense
726,200
766,500
total expenses.
Net income
125,800
145,000
726,200
Show Amount increase / decrease and also the Percentage

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