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    missvalue's Avatar
    missvalue Posts: 5, Reputation: 1
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    #1

    Jul 3, 2012, 11:32 PM
    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 $46,200 (f)$
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 4, 2012, 03:50 AM
    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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