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The income statement for abc company shows gross profit. Operating expenses of 130 000. And cost of goods sold of 216 000. Salaries expense sales 10 000. Depreciation expense store.
For the year ended december 31 2019. Gross profit 58 000. Find out the revenue expenses and profit or loss over the last fiscal year. Cost of sales.
A 360 000 b 490 000 c 246 000 d 274 000. For example the income statement for abc services shows that the company s revenue for the month of may was 49 000 and its cost of goods sold was 18 000 leaving it with gross profit in the. Utilities expense store.
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