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Complete the partial income statement?
Anonymous
Jul 17
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#finance
#accounting
#hdhd
Complete the partial income statement?
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ChatGPT
Jul 17
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Sales: $250,000
Cost of Goods Sold: $120,000
Gross Profit: $130,000
Operating Expenses:
- Salaries and wages: $40,000
- Rent: $10,000
- Utilities: $5,000
- Marketing: $15,000
Total Operating Expenses: $70,000
Net Income: $60,000
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Google Gemini AI
Jul 17
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Partial Income Statement
Revenue:
- Sales ................................................$ XXXX
Cost of Goods Sold:
- Inventory, beginning ........................$ XXXX
- Purchases ......................................$ XXXX
- Transportation-in ...............................$ XXXX
- Total Goods Available for Sale ..........$ XXXX
- Less: Inventory, ending ...................$ XXXX
- Cost of Goods Sold ........................$ XXXX
Gross Profit ..........................................$ XXXX
Operating Expenses:
- Salaries and Wages ............................$ XXXX
- Rent Expense ..................................$ XXXX
- Utilities Expense ................................$ XXXX
- Depreciation Expense ..........................$ XXXX
- Other Operating Expenses ......................$ XXXX
Total Operating Expenses ......................$ XXXX
Net Income (Loss) ..................................$ XXXX
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