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    kristina123fit's Avatar
    kristina123fit Posts: 1, Reputation: 1
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    #1

    Sep 14, 2007, 07:22 PM
    income statement, owners equity statement and balance sheet
    Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")


    Purchases………………...
    E250,000 Freight In……………… E8,000
    Sales discounts…………. 4,000 Purchase returns…….. 7,000
    Inventory Sales…………………. 400,000
    December 31, 20X1….. 20,000 Purchase discounts…. 3,000
    December 31, 20X2….. 30,000 Sales returns…………. 8,000

    Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

    Net sales revenue
    Cost of goods sold
    Gross profit
    Lawtona's Avatar
    Lawtona Posts: 2, Reputation: 1
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    #2

    Sep 26, 2007, 01:47 PM
    Quote Originally Posted by kristina123fit
    Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")


    Purchases………………...
    E250,000 Freight In……………… E8,000
    Sales discounts…………. 4,000 Purchase returns…….. 7,000
    Inventory Sales…………………. 400,000
    December 31, 20X1….. 20,000 Purchase discounts…. 3,000
    December 31, 20X2….. 30,000 Sales returns…………. 8,000

    Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

    Net sales revenue
    Cost of goods sold
    Gross profit
    Set up a balance sheet and than a income statement you will find it after doing this
    47flower's Avatar
    47flower Posts: 15, Reputation: 1
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    #3

    Nov 6, 2009, 05:34 PM
    Balance sheet
    47flower's Avatar
    47flower Posts: 15, Reputation: 1
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    #4

    Nov 6, 2009, 05:36 PM

    Explain the concepts of amortization and depreciation
    47flower's Avatar
    47flower Posts: 15, Reputation: 1
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    #5

    Nov 6, 2009, 05:38 PM
    Eplain the concepts of Amortization and Depreciation in Accounting
    47flower's Avatar
    47flower Posts: 15, Reputation: 1
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    #6

    Nov 6, 2009, 05:44 PM
    Quote Originally Posted by Lawtona View Post
    set up a balance sheet and than a income statement you will find it after doing this
    Set up balance sheet
    47flower's Avatar
    47flower Posts: 15, Reputation: 1
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    #7

    Nov 6, 2009, 05:53 PM

    Compute the following for Les Fleurs during 20x2 Net sales revenue, Cost of goods sold, Gross Profit, Net income, Balance sheet, December 31, 20x2, Statement of Owner's Equity, December 31, 20x2

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