Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows....
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Accounting
Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. The company reports the following indirect expenses for the year. Additional information about the two departments follows. Required: 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements. Allocate indirect expenses to the two operating departments. Allocation of $7,200 of utilities expense Prepare departmental income statements
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