ABC company recorded a net loss of P215,000 for the year just ended. Total operating expenses was P3,789,000, cost of sales was P1,819,300, and sales discount was P80,890. How much is the gross sales that the company generated during the year?
ABC company recorded a net loss of P215,000 for the year just ended. Total operating expenses was P3,789,000, cost of sales was P1,819,300, and sales discount was P80,890. How much is the gross sales that the company generated during the year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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ABC company recorded a net loss of P215,000 for the year just ended. Total operating expenses was P3,789,000, cost of sales was P1,819,300, and sales discount was P80,890. How much is the gross sales that the company generated during the year?
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