In: Accounting
Dover Corporation has provided the following information for the year just ended: • Cash sales totaled $125,000 • Credit sales totaled $279,000 • Cash collections from customers for services that have not been provided yet totaled $38,000 • There was an $11,000 gain from the sale of property and equipment • Interest income totaled $8,000 How much did net income increase due to these items?
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Statementshowing Computations | |
Paticulars | Amount |
Cash sales | 125,000.00 |
Credit sales | 279,000.00 |
gain from the sale of property | 11,000.00 |
Interest income | 8,000.00 |
net income increase due to these items | 423,000.00 |