COMPUTATIONS:Given the following data for SUPERCALIFRAGILISTICEXPIALIDOCIOUS COMPANY for the yearended December 31, 200X:Cost of salesDistribution costsAdministrative expensesPhP 5,400,0001,350,0001,000,000200,000Other incomePhp 1,400,000320,0009,000,00050,000Other expensesNet salesFinance costsPrepaid expensesTax rate is at 30%11..Gross incomeа. 3,600,000b. 5,000,000с. 2,130,000d. 1,491,00012. Total incomeа. 3,600,000b. 5,000,000с. 2,130,000d. 1,491,00013. Total expensesa. 1,320,000b. 2,350,000c. 2,870,000d. 2,670,00014. Income before taxa. 3,600,000b. 1,491,000c. 7,530,000d. 2,130,000

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Description: COMPUTATIONS:Given the following data for SUPERCALIFRAGILISTICEXPIALIDOCIOUS COMPANY for the yearended December 31, 200X:Cost of salesDistribution costsAdministrative expensesPhP 5,400,0001,350,0001,000,000200,000Other incomePhp 1,400,000320,0009,00

Gross Income = Net Sales - Cost of Sales Total Income = Gross Income + Other Income Total Expenses =…

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Given the following data for SUPERCALIFRAGILISTICEXPIALIDOCIOUS COMPANY for the year ended December 31, 200X: Php 1,400,000 320,000 9,000,000 50,000 Cost of sales PhP 5,400,000 1,350,000 1,000,000 200,000 Other income Distribution costs Other expenses Net sales Administrative expenses Finance costs Prepaid expenses Tax rate is at 30% 11..Gross income а. 3,600,000 b. 5,000,000 с. 2,130,000 d. 1,491,000 12. Total income а. 3,600,000 b. 5,000,000 с. 2,130,000 d. 1,491,000 13. Total expenses a. 1,320,000 b. 2,350,000 c. 2,870,000 d. 2,670,000 14. Income before tax а. 3,600,000 b. 1,491,000 c. 7,530,000 d. 2,130,000

Given the following data for SUPERCALIFRAGILISTICEXPIALIDOCIOUS COMPANY for the year ended December 31, 200X: Php 1,400,000 320,000 9,000,000 50,000 Cost of sales PhP 5,400,000 1,350,000 1,000,000 200,000 Other income Distribution costs Other expenses Net sales Administrative expenses Finance costs Prepaid expenses Tax rate is at 30% 11..Gross income а. 3,600,000 b. 5,000,000 с. 2,130,000 d. 1,491,000 12. Total income а. 3,600,000 b. 5,000,000 с. 2,130,000 d. 1,491,000 13. Total expenses a. 1,320,000 b. 2,350,000 c. 2,870,000 d. 2,670,000 14. Income before tax а. 3,600,000 b. 1,491,000 c. 7,530,000 d. 2,130,000

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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