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Income Statement MARK Inc. is engaged in the business of manufacturing basket balls. The...

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Accounting

Income Statement

MARK Inc. is engaged in the business of manufacturing basket balls. The company employs actual costing system. The company uses a single account for direct and indirect materials. The company provided the following data for the year ended December 31, 2016:

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CoursHeroTranscribedText: Gross sales Sales returns Gross purchases Purchase returns. allowance and discount Freight in Total costs of factory.r labor Depreciation of factory.r assets Expired insurance on factory:r assets Utilities expense on factory Total administrative expenses Total marketing expenses ESDGDDCI ENDED 1,. ENDED 4mm: LDDGDW EDUD mama SWHDD 2 3s

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