XYZ Inc. had the following figures in its Income Statement: (please show solution) Sales Php 920,000.00 Cost of Goods Sold Php 320,000.00 Other Income Php 50,000.00 Salaries Php 220,000.00 Advertising Php 100,000.00 Rent Php 80,000.00 Other Expenses Php 50,000.00 How much is the income/loss? Kindly indicate if your answer is income or loss.

XYZ Inc. had the following figures in its Income Statement: (please show solution) Sales Php 920,000.00 Cost of Goods Sold Php 320,000.00 Other Income Php 50,000.00 Salaries Php 220,000.00 Advertising Php 100,000.00 Rent Php 80,000.00 Other Expenses Php 50,000.00 How much is the income/loss? Kindly indicate if your answer is income or loss.

Name: XYZ Inc. had the following figures in its Income Statement: (please sh
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Description: XYZ Inc. had the following figures in its Income Statement: (please show solution) Sales Php 920,000.00Cost of Goods Sold Php 320,000.00Other Income Php 50,000.00Salaries Php 220,000.00Advertising Php 100,000.00Rent Php 80,000.00Other Expenses Php 50

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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