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vivado [14]
2 years ago
9

Barto Company provides this information for the month ended October 31, 2017: sales on credit $300,000, cash sales $150,000, sal

es discounts $5,000, and sales returns and allowances $19,000. Prepare the sales section of the income statement based on this information. Only this part: Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets, cost of goods sold, depreciation expense, and sales returns and allowances.
Business
1 answer:
anastassius [24]2 years ago
8 0

Answer:

The Multi-step income statement is attached, Please find it

Explanation:

The multi-step income statement is attached with this answer please find it.

Gain On Disposal will appear in the other income section of the multi-step income statement

Cost of goods sold will appear in the cost of goods sold section of the multi-step income statement

Depreciation expense will appear in the operating expense section of the multi-step income statement

Sales returns and allowances will appear in the sales / net sales section of the multi-step income statement

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MAVERICK [17]

Answer:

$162,500

Explanation:

Depletion is used to expense the cost of extracting natural resources.

Depletion expense = (unit extracted in 2017 / total units that could be extracted) x (Cost- salvage value)

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I hope my answer helps you

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In a growing number of jurisdictions, when a tenant moves out of leased premises before the term of the lease expires, the landl
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Answer:

To mitigate damages

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He is avoiding a situation where the property is to be left unoccupied for a period of time.

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Answer:

He should reorder when he is left with 200 hammers.

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