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Prepare the profit and loss account

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Question - Exercise with the accounting data presented by the entity "La Rosaleda, S.A." at the end of its fiscal year:

Clients $8,000

Merchandise sales $200,000

Work performed for tangible fixed assets $ 5,000

Banks $19,000

Capital stock $10,000

Energy and water $1,000

Insurance premiums $2,000

Short-term debt $6,000

Purchases $75,000

Compensation to personnel $19,000

Other miscellaneous expenses $22,000

It is requested: to prepare the profit and loss account taking into account that the corresponding corporate tax is 25% if applicable.

Reference no: EM132630718

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