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Question - Presented below is information for Furlow Company for the month of March 2017.

Cost of goods sold

$231,460

Rent expense

$30,380

Freight-out

6,860

Sales discounts

7,680

Insurance expense

5,900

Sales returns and allowances

13,120

Salaries and wages expense

58,280

Sales revenue

393,970

Required - Prepare a multiple-step income statement.

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  • Category:- Accounting Basics
  • Reference No.:- M92399441
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