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Assume that Logan Company uses a periodic inventory system and has these account balances: Purchases $404,000; Purchase Returns and Allowances $13,000; Purchase Discounts $9,000; and Freight-in $16,000. Logan Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $612,000. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold $ Gross profit $
Books and More currently has 75,000 shares of stock outstanding, net income of $46,000, and a PE ratio of 18.7. What will the firm's PE ratio be if the firm repurchases 15,000 shares?
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For each of the following, journalize the necessary adjusting entry:
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On december 1, 2010, Hogan company purchased a tract of land as a factory site for 800,000. The old building on the property was razed, amd salvaged materials resulting from demolition were sold. Additional cost incurred and salvage proceeds reali..
shady sunglasses operates retail sunglass kiosks in shopping malls. below is information related to the company dollar
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