ACC 201 Week 5
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ACC 201 Week 5 Exam Latest Questions and Answers.
- Exam (elaborations) • 9 pages • 2021
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EX. 09-080
Revenue and expense data for Reuters Company are as follows:
2017 2016
Administrative expenses $24,750 $18,000
Cost of goods sold 500,000 375,000
Income tax expense 11,600 12,000
Net sales 750,000 600,000
Selling expenses 182,250 154,800
Prepare a comparative income statement, with vertical analysis, stating each item for both 2017 and 2016 as a percent of sales. Round percentage values to one decimal place and state as a whole number. Do not enter the percent sig...
Exam (elaborations)
ACC 201 Week 5 Exam Latest Questions and Answers.
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EX. 09-080 Revenue and expense data for Reuters Company are as follows: 2017 2016 Administrative expenses $24,750 $18,000 Cost of goods sold 500,000 375,000 Income tax expense 11,600 12,000 Net sales 750,000 600,000 Selling expenses 182,250 154,800 Prepare a comparative income statement, with vertical analysis, stating each item for both 2017 and 2016 as a percent of sales. Round percentage values to one decimal place and state as a whole number. Do not enter the percent sig...
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