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River Valley Enterprises had a net loss of $62,445 on sales of $245,610. In dollars, sales were $392,976. What was the net loss in dollars? a. $99,792.15 b. $85,614.30 c. $79,456.22 d. $94,523.67

River Valley Enterprises had a net loss of $62,445 on sales of $245,610. In dollars, sales were $392,976. What was the net loss in dollars? a. $99,792.15 b. $85,614.30 c. $79,456.22 d. $94,523.67

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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River Valley Enterprises had a net loss of $62,445 on sales of $245,610. In dollars, sales were $392,976. What was the net loss in dollars? a. $99,792.15 b. $85,614.30 c. $79,456.22 d. $94,523.67
Transcribed Image Text:River Valley Enterprises had a net loss of $62,445 on sales of $245,610. In dollars, sales were $392,976. What was the net loss in dollars? a. $99,792.15 b. $85,614.30 c. $79,456.22 d. $94,523.67
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