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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 23
COST OF GOODS SOLD, INCOME STATEMENT
Refer to Exercise 2-21. Last calendar year, DeSoto recognized revenue of $1,320,000 and had selling and administrative expenses of $204,600.
Required:
1. What is the cost of goods sold for last year?
2. Prepare an income statement for DeSoto for last year.
Refer to Exercise 2-21. Last calendar year, DeSoto recognized revenue of $1,320,000 and had selling and administrative expenses of $204,600.
Required:
1. What is the cost of goods sold for last year?
2. Prepare an income statement for DeSoto for last year.
Explanation
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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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