Question 4 Based on the following information provided by Max Trading Company on December 31, 200C, the end of its accounting perind Sales Sales Returns & Allowances Sales Discount Purchases Freight in Purchase Returns & Allowances Purchase Discount P 780,000 15,000 19,000 420,000 12,000 8,000 2,000 5000 80,000 120,000 16,000 3,000 Beginning Inventory Ending Inventory Operating expenses Other Income Other Expeses How much is the net income? P 372.000 Ob P 354,000 P 356,000 P 247,000

Question 4 Based on the following information provided by Max Trading Company on December 31, 200C, the end of its accounting perind Sales Sales Returns & Allowances Sales Discount Purchases Freight in Purchase Returns & Allowances Purchase Discount P 780,000 15,000 19,000 420,000 12,000 8,000 2,000 5000 80,000 120,000 16,000 3,000 Beginning Inventory Ending Inventory Operating expenses Other Income Other Expeses How much is the net income? P 372.000 Ob P 354,000 P 356,000 P 247,000

Name: Question 4Based on the following information provided by Max Trading
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Description: Question 4Based on the following information provided by Max Trading Company on December 31, 200C, the end of its accountingporiod:P 780,00015,00019,000420,00012,0008,0002,00050,00080,000120,00016,0003,000SalesSales Returns & AllowancesSales Discoun

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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