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Author Question: How do gross profits, operating income, and net income relate to the areas of business activity ... (Read 109 times)

torybrooks

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on: Jul 11, 2018
How do gross profits, operating income, and net income relate to the areas of business activity reported in the
  income statement?
 
  What will be an ideal response?

Question 2

Prepare an income statement using the information given below. Make sure to identify gross profit, operating
  income, and net income.
 
  Inventories 50,000
  Cost of Goods Sold 250,000
  Administrative Expenses 50,000
  Accumulated Depreciation 150,000
  Sales 600,000
  Depreciation Expense 25,000
  Selling Expenses 150,000
  Common Stock Dividends 8,000
  Interest Expense 8,000
  Corporate Tax Rate 40
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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verrinzo

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Reply #1 on: Jul 11, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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torybrooks

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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