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The partial income statements of five different companies are as follows: 1 2 3 4 5 Net Sales A D 250,000.00 290,000.0 400,000.00 50,000.00 Merchandise Inventory, Beg. Net Purchases B 80,000.00 70,000.00 120,000.00 160,000.0 390,000.00 E Goods Available for Sale 110,000.00 160,000.0 K M Merchandise Inventory, End Cost of Goods Sold 40,000.00 30,000.00 70,000.00 F N 140,000.0 230,000.00 L 380,000.00 Gross Profit 50,000.00 40,000.00 160,000.0

The partial income statements of five different companies are as follows: 1 2 3 4 5 Net Sales A D 250,000.00 290,000.0 400,000.00 50,000.00 Merchandise Inventory, Beg. Net Purchases B 80,000.00 70,000.00 120,000.00 160,000.0 390,000.00 E Goods Available for Sale 110,000.00 160,000.0 K M Merchandise Inventory, End Cost of Goods Sold 40,000.00 30,000.00 70,000.00 F N 140,000.0 230,000.00 L 380,000.00 Gross Profit 50,000.00 40,000.00 160,000.0

FINANCIAL ACCOUNTING
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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The partial income statements of five different companies are as follows: 1 2 3 4 5 Net Sales A D 250,000.00 290,000.0 400,000.00 Merchandise Inventory, Beg. B 50,000.00 70,000.00 120,000.00 160,000.0 390,000.00 Net Purchases 80,000.00 E G Goods Available for Sale 110,000.00 160,000.0 K M Merchandise Inventory, End F 70,000.00 30,000.00 230,000.00 40,000.00 N Cost of Goods Sold 140,000.0 L 380,000.00 Gross Profit 50,000.00 40,000.00 160,000.0
Transcribed Image Text:The partial income statements of five different companies are as follows: 1 2 3 4 5 Net Sales A D 250,000.00 290,000.0 400,000.00 Merchandise Inventory, Beg. B 50,000.00 70,000.00 120,000.00 160,000.0 390,000.00 Net Purchases 80,000.00 E G Goods Available for Sale 110,000.00 160,000.0 K M Merchandise Inventory, End F 70,000.00 30,000.00 230,000.00 40,000.00 N Cost of Goods Sold 140,000.0 L 380,000.00 Gross Profit 50,000.00 40,000.00 160,000.0
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