Education > STUDY GUIDE > ACC 290 Week 3 Preparing a Multiple Step Income Statement Problem 5-5A (Simon Company) (Score_A+) (All)

ACC 290 Week 3 Preparing a Multiple Step Income Statement Problem 5-5A (Simon Company) (Score_A+)

Document Content and Description Below

University of PhoenixUniversity of Phoenix 2019 - ACC 290 Week 3 Preparing a Multiple Step Income Statement Write-Up. ACC 290 Week 3: The net sales of Simon Company entered by the inexperienced accou... ntant is $850,000. However, that is inaccurate as in order to calculate the net sales, you deduct the Less: Sales returns and allowances of $28,000 and also the Sales Discounts of $18,000 from the sales of $911,000. That calculation actually gives you a net sales of $865,000. Due to the person making a mistake in the net sales, the gross profit is also off. In order to get the gross profit, you deduct the Costs of Goods Sold ($555,000) from the net sales of $865,000. That gives you a correct gross profit of $310,000………. [Show More]

Last updated: 5 months ago

Preview 1 out of 6 pages

Instant download

Instant download

Report Copyright Violation

Reviews( 0 )

Recommended For You

Education> STUDY GUIDE > COUN 506 – STUDY GUIDE- EXAM 1 QUESTIONS AND ANSWERS (All)

COUN 506 – STUDY GUIDE- EXAM 1 QUESTIONS AND ANSWERS

By Excellent , Uploaded: Nov 14, 2022

Education> STUDY GUIDE > Towson High Law & Public PolicyENGLISH 127.04 project (All)

Towson High Law & Public PolicyENGLISH 127.04 project

Project Option 1: Burp…Excuse Me! Burping (also known as "belching" or "eructation") is one way the human body expels excess gas in your digestive system. It occurs when your stomach fills with air,...

By d.occ , Uploaded: Apr 29, 2021

Education> STUDY GUIDE > ACLS Written Exam- LATEST ,CORRECT AND VERIFIED 2023 (All)

ACLS Written Exam- LATEST ,CORRECT AND VERIFIED 2023

You find an unresponsive pt. who is not breathing. After activating the emergency response system, you determine there is no pulse. What is your next action? - (CORRECT ANS)Start chest compressions of...

By Excellent , Uploaded: Jan 25, 2023

$11

Education> STUDY GUIDE > EDUC 5710 - AY2021-T2  12 November - 18 November  Discussion Forum Unit 1  Unit 1: Discussion Assignment (All)

EDUC 5710 - AY2021-T2  12 November - 18 November  Discussion Forum Unit 1  Unit 1: Discussion Assignment

Home  My courses  EDUC 5710 - AY2021-T2  12 November - 18 November  Discussion Forum Unit 1  Unit 1: Discussion Assignment Search forums Settings The cut-oà date for posting to this forum is...

By Expert Tutor , Uploaded: Jun 13, 2021

$14

Education> STUDY GUIDE > CLG 0010- UPDATED AND CORRECT 2022/2023- GRADED A (All)

CLG 0010- UPDATED AND CORRECT 2022/2023- GRADED A

By Excellent , Uploaded: Nov 16, 2022

$10

Education> STUDY GUIDE > PAX Prep Vocab NLN - VERIFIED 2023 GRADED A (All)

PAX Prep Vocab NLN - VERIFIED 2023 GRADED A

PAX Prep Vocab NLN - VERIFIED 2023 GRADED A to say that William Shakespear typed his plays is an A.) affinity B.) antithesis C.) anachronism D.) atrophy - (CORRECT ANS)answer: anachronism...

By Excellent , Uploaded: Jan 24, 2023

$10

Education> STUDY GUIDE > AAPC CPC Exam Study Guide (solved) (All)

AAPC CPC Exam Study Guide (solved)

What is medical coding? - ANSWER The process of translating this written or dictated medical record into a series of numeric and alphanumeric codes. What are the two primary types of insurance? - A...

By Nancylect , Uploaded: Sep 14, 2022

$10

Education> STUDY GUIDE > ATI_TEAS_6 (All)

ATI_TEAS_6

ATI_TEAS_6_Study_Guide

By QuizBank , Uploaded: Jan 18, 2022

Education> STUDY GUIDE > NUR 210 –FINAL EXAM CORRECT QUESTIONS AND ANSWERS- GRADED A - COMPILATION ALL TOPICS (All)

NUR 210 –FINAL EXAM CORRECT QUESTIONS AND ANSWERS- GRADED A - COMPILATION ALL TOPICS

NUR 210 –FINAL EXAM CORRECT QUESTIONS AND ANSWERS- GRADED A -PANCREATITIS 1. The client who has been hospitalized with pancreatitis does not drink alcohol because of the religious convictions. Th...

By Excellent , Uploaded: Nov 24, 2022

$15

Education> STUDY GUIDE > Masters Project Amy Hough Finalized-2020: Re-addressing High School Students’ Novel Needs: Choosing and Using Popular Young Adult Fiction in High School English Classrooms. Study Guide (All)

Masters Project Amy Hough Finalized-2020: Re-addressing High School Students’ Novel Needs: Choosing and Using Popular Young Adult Fiction in High School English Classrooms. Study Guide

Re-addressing High School Students’ Novel Needs: Choosing and Using Popular Young Adult Fiction in High School English Classrooms University of Alberta Abstract This project offers designs for les...

By Academia1434 , Uploaded: Feb 06, 2021

$17