This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Shaman Inc.'s income statement includes sales revenue $117,000, cost of goods sold $72,000, and ... (Read 125 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by melly21297 on Feb 18, 2020

AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
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.
Answer Preview
Only 50% of students answer this correctly


melly21297

  • Member
  • Posts: 565
Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library