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E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases A B C D E Sales Revenue $ Beginning Inventory 1,060 $ 1,400 880 1,120 Purchases 300 $ 200 170 1,000 1,060 630 920 Total Available 1,120 Ending Inventory $ 640 270 230 Cost of Goods Sold 440 Gross Profit 240 420 Expenses $ 190 170 140 180 Pretax Income (Loss) 270 150 (140)

E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases A B C D E Sales Revenue $ Beginning Inventory 1,060 $ 1,400 880 1,120 Purchases 300 $ 200 170 1,000 1,060 630 920 Total Available 1,120 Ending Inventory $ 640 270 230 Cost of Goods Sold 440 Gross Profit 240 420 Expenses $ 190 170 140 180 Pretax Income (Loss) 270 150 (140)

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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E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases ABCD A $ 1,060 $ 1,400 с Sales Revenue E Beginning Inventory 880 1,120 Purchases 300 $ 200 170 1,000 1,060 630 920 Total Available 1,120 Ending Inventory $ 640 270 230 Cost of Goods Sold 440 Gross Profit 240 420 Expenses $ 190 170 140 180 Pretax Income (Loss) 270 150 (140)
Transcribed Image Text:E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases ABCD A $ 1,060 $ 1,400 с Sales Revenue E Beginning Inventory 880 1,120 Purchases 300 $ 200 170 1,000 1,060 630 920 Total Available 1,120 Ending Inventory $ 640 270 230 Cost of Goods Sold 440 Gross Profit 240 420 Expenses $ 190 170 140 180 Pretax Income (Loss) 270 150 (140)
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