Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $ 38,100 96,000 88,500 124,000 12,700 391,000 110,400 714,000 393,000 Year 1 $ 32,850 63,000 82,500 128,000 10,300 341,000 110,800 679,000 378,000

Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $ 38,100 96,000 88,500 124,000 12,700 391,000 110,400 714,000 393,000 Year 1 $ 32,850 63,000 82,500 128,000 10,300 341,000 110,800 679,000 378,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...

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