Business
Business, 07.03.2021 18:50, abby6213

1. The following ledger balances for the year's end, June 30, 2016, is given. The company
sold a production unit during the year. All data are before income tax rate of 40%
Loss from operations of unit.
Cost of Goods Sold
Sales returns
Sales revenue ...
Administrative exp.
Gain on sale of property
Common stock, $10 par value
20,000
300,000
5,000
600,000
125.000
10,000
600,000
Gain on sale of unit
Interest expense
Dividend income
Selling expenses
500,000
18.000
25,000
87,000

answer
Answers: 2

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1. The following ledger balances for the year's end, June 30, 2016, is given. The company
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