p28 - Test Bank for Intermediate Accounting, Twelfth...

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Test Bank for Intermediate Accounting, Twelfth Edition 4 - 26 Ex. 4-93 —Income statement relationships. Fill in the appropriate blanks for each of the independent situations below. Company A Company B Company C Sales (a) $_______ $343,400 $540,000 Beginning inventory 52,600 (d) _______ 90,000 Net purchases 175,300 255,600 (g) _______ Ending inventory 52,200 108,000 63,000 Cost of goods sold (b) _______ (e) _______ 407,000 Gross profit 85,300 98,000 (h) _______ Operating expenses (c) _______ 50,000 48,000 Income before taxes 6,000 (f) _______ (i) _______ Solution 4-93 (a) $261,000 (d) $97,800 (g) $380,000 (b) $175,700 (e) $245,400 (h) $133,000 (c) $79,300 (f) $48,000 (i) $85,000 Ex. 4-94 —Multiple-step income statement. Listed below in scrambled order are 13 income statement categories. Use the numerals 1 through 13 to indicate the order in which these categories should appear on a multiple-step income statement. ( ) Discontinued operations.
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p28 - Test Bank for Intermediate Accounting, Twelfth...

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