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Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded du Cost of goods sold Selling expenses Income tax £409,200 148,800 31,000

Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded du Cost of goods sold Selling expenses Income tax £409,200 148,800 31,000

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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Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded during the year were: Cost of goods sold Selling expenses Income tax Increase in value of employees Administrative expenses Sales Revenue Cost of Goods Sold Gross Profit £409,200 Selling Expenses 148,800 Prepare an income statement for Blossom for 2022. Blossom has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) 31,000 18,600 12,400 BLOSSOM LTD Income Statement For the Year Ended December 31, 2022 £ £
Transcribed Image Text:Blossom Ltd. had sales revenue of £669,600 in 2022. Other items recorded during the year were: Cost of goods sold Selling expenses Income tax Increase in value of employees Administrative expenses Sales Revenue Cost of Goods Sold Gross Profit £409,200 Selling Expenses 148,800 Prepare an income statement for Blossom for 2022. Blossom has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) 31,000 18,600 12,400 BLOSSOM LTD Income Statement For the Year Ended December 31, 2022 £ £
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