Show Trend percentages in the multiple step income format only 20Y8 20Υ7 Sales $900,000 $725,000 Cost of goods sold 558,000 435,000 Selling expenses 117,000 116,000 Administrative expenses 63 00 65 250

Show Trend percentages in the multiple step income format only 20Y8 20Υ7 Sales $900,000 $725,000 Cost of goods sold 558,000 435,000 Selling expenses 117,000 116,000 Administrative expenses 63 00 65 250

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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Question

Show Trend percentages in the multiple step income format only
20Υ8
20Υ7
Sales
$900,000 $725,000
Cost of goods sold
558,000 435,000
Selling expenses
117,000
116,000
Administrative expenses 63,000
65,250
Income tax expense
76,500
58,000

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