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Posted: November 27th, 2023
St. John’s ACC 625 79785 The following information is available for Quayle Company
The following information is available for Quayle Company:Sales revenue$618,000Sales returns and allowances20,000Cost of goods sold398,000Operating expenses114,000Interest expense19,000Interest revenue20,000(a) Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014
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