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  • Jul 3, 2012, 11:32 PM
    missvalue
    What is the missing amount on the income statement sales 71,200 108,000
    Presented here are the components in Pedersen Company's income statement. Determine the missing amounts.

    Sales
    Cost
    Of Goods Sold
    Gross Profit
    Operating Expenses
    Net Income

    $71,200 (b)$ $30,000 (d)$ $10,800
    $108,000 $70,000 (c)$ (e)$ $29,500
    (a)$ $71,900 $109,600 $46,200 (f)$
  • Jul 4, 2012, 03:50 AM
    paraclete
    Quote:
    Originally Posted by missvalue View Post
    Presented here are the components in Pedersen Company's income statement. Determine the missing amounts.

    Sales
    Cost
    of Goods Sold
    Gross Profit
    Operating Expenses
    Net Income

    $71,200 (b)$ $30,000 (d)$ $10,800
    $108,000 $70,000 (c)$ (e)$ $29,500
    (a)$ $71,900 $109,600 $46,200 (f)$
    Candidly I'm not a mind reader

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