Purchase Price based on vendor invoice 1,300,000 200,000 150,000 Trade discounts deducted from purchase price Salaries of marketing department Broker fees of import agents Commission of sales agents Import Duties Freight in Freight out Handling costs of importation 30,000 50,000 300,000 50,000 40,000 120,000

Purchase Price based on vendor invoice 1,300,000 200,000 150,000 Trade discounts deducted from purchase price Salaries of marketing department Broker fees of import agents Commission of sales agents Import Duties Freight in Freight out Handling costs of importation 30,000 50,000 300,000 50,000 40,000 120,000

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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