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Author Question: Shaman Inc.'s income statement includes sales revenue $117,000, cost of goods sold $72,000, and ... (Read 70 times)

melly21297

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on: Feb 18, 2020
Shaman Inc.'s income statement includes sales revenue $117,000, cost of goods sold $72,000, and gross profit $45,000. If ending inventory was accidentally overstated by $5,000, what is the correct amount for gross profit?
◦ $40,000
◦ $45,000
◦ $55,000
◦ $50,000
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by melly21297 on Feb 18, 2020

AngeliqueG

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Reply #1 on: Feb 18, 2020
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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melly21297

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

phuda

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Reply 3 on: Yesterday
Excellent

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