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Accounting Exam 2: Practice Exam Questions & ANSWERS ALL SOLUTION 100% CORRECT LATEAT UPDATE GUARANTEED GRADE A+
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On January 1, 2016, Microspace, Inc., purchased $100,000 face value of the 11% bonds of Service Express, Inc., at 103. The bonds mature on January 1, 2021. For the year ended December 21, 2019, Microspace received cash interest of
a. $11,000
b. $11,330
c. $11,600
d. $10,400
$11,000
Net sales revenue $628,000
Beginning inventory $64,000
Ending inventory $43,000
Net purchases $450,000
Based on these facts, the gross profit for Dodge Company is
a. $178,000
b. $147,000
c. $180,000
d. $...
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Accounting Exam 2: Practice Exam Questions & ANSWERS ALL SOLUTION 100% CORRECT LATEAT UPDATE GUARANTEED GRADE A+
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On January 1, 2016, Microspace, Inc., purchased $100,000 face value of the 11% bonds of Service Express, Inc., at 103. The bonds mature on January 1, 2021. For the year ended December 21, 2019, Microspace received cash interest of a. $11,000 b. $11,330 c. $11,600 d. $10,400 $11,000 Net sales revenue $628,000 Beginning inventory $64,000 Ending inventory $43,000 Net purchases $450,000 Based on these facts, the gross profit for Dodge Company is a. $178,000 b. $147,000 c. $180,000 d. $...
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