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e. Complete the formulas in cells provided for revenues* for 2020. 2020 revenues have Increased by ¾ % over 2019 values.  f. Complete the formulas in cells provided for expenses for 2020. 2020 expenses have increased  by ½ % over 2019 values  g. Using the correct function or formula calculate the total expenses and losses in the cells  provided.

e. Complete the formulas in cells provided for revenues* for 2020. 2020 revenues have Increased by ¾ % over 2019 values.  f. Complete the formulas in cells provided for expenses for 2020. 2020 expenses have increased  by ½ % over 2019 values  g. Using the correct function or formula calculate the total expenses and losses in the cells  provided.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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e. Complete the formulas in cells provided for revenues* for 2020. 2020 revenues have
Increased by ¾ % over 2019 values. 


f. Complete the formulas in cells provided for expenses for 2020. 2020 expenses have increased 
by ½ % over 2019 values 


g. Using the correct function or formula calculate the total expenses and losses in the cells 
provided. 

Living Large Finance Tax Rate 30% COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue 516,500 *Interest revenue 278,500 *Investment Income 77,900 101,500 *Other revenue Total revenue and gains 974,400 Expenses and losses **Cost of goods sold **Selling and admin administrative ***Computer (operating) *"Depreciation **Interest expense Total expenses and losses 475,000 175,000 42,700 51,000 30,400 Income before taxes Income tax expense (30%) Net Income
Transcribed Image Text:Living Large Finance Tax Rate 30% COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue 516,500 *Interest revenue 278,500 *Investment Income 77,900 101,500 *Other revenue Total revenue and gains 974,400 Expenses and losses **Cost of goods sold **Selling and admin administrative ***Computer (operating) *"Depreciation **Interest expense Total expenses and losses 475,000 175,000 42,700 51,000 30,400 Income before taxes Income tax expense (30%) Net Income
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