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Lady bird [3.3K]
3 years ago
11

"The economy is doing well when the level of real GDP is at Potential GDP" True O False

Business
1 answer:
Damm [24]3 years ago
8 0
The answer is Trueeeee
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3 years ago
Given the following information, prepare an income statement for the Dental Drilling Company.
dmitriy555 [2]

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Results are below.

Explanation:

<u>Giving the following information:</u>

Selling and administrative expense $90,000

Depreciation expense 75,000

Sales 621,000

Interest expense 46,000

Cost of goods sold 231,000

Taxes 50,000

<u>With the information listed above, we need to make an income statement following the structure below:</u>

<u></u>

Sales= 621,000

COGS= (231,000)

Gross profit= 390,000

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Interest expense= (46,000)

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Taxes= (50,000)

Net operating income= 129,000

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3 years ago
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