Awesome Info About Forten Companys Current Year Income Statement

For current year ended december 31; Total current liabilitiescommon stock, $2 par valueretained earningstotal liabilities and equity83,000. Forten company income statement for current year ended december 31 sales $ 617,500 cost of goods sold 292,000 gross profit 325,500 operating expenses.

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Solved Forten Company's Current Year Statement,

Forten company comparative balance sheets december 31 current year prior year assets cash $ 64,900 $ 83,500 accounts receivable 80,870 60,625 inventory 290,656.

Forten companys current year income statement. (2) all credi reflect cash receipts from customers, (3) all. Forten company's current year income statement, comparative balance sheets, and additional information follow. Hello students, let's look at the question.

The loss on the cash sale of equipment was $5,125 (details in b). For the year, (1) all sales are credit sales, (2) all credits. $ 582,500 285,000 297,500 forten company income statement for current year ended december 31 sales cost of goods sold gross profit operating expenses (excluding depreciation) $ 132,400 depreciation expense 20,750 other gains (losses) loss on sale.

Current year ‾ prior year ‾ assets cash $ 49,800 $ 73,500 accounts receivable 65,810 50,625 inventory 275,656 251,800 prepaid expenses 1,250 ‾ 1,875 ‾. The statement of cash flows from operating activities, net cash provided by operating activities and representing it is. Forten company's current year income statement , comparative balance 5 the year, (1) all sales are credit sales.

For the year, (1) all sales are credit sales, (2) all credits. The loss on the cash sale of equipment was $5,125 (details in b). Forten company's current year income statement, comparative balance sheets, and additional information follow.

(1) all sales are credit sales, (2) all credits to. Sold equipment costing$46,875, with accumulated depreciation of $30,125, for$11,625 cash. Forten company income statement for current year ended december 31 sales $ 627,500 cost of goods sold 294,000 gross profit 333,500 operating expenses.