Revenue and expense data for Reuters Company are as follows:
$\begin{array}{lrl}
2012&2013\
\$ 18,000 & \$ 24,750 & \text { Administrative expense } \
375,000 & 500,000 & \text { Cost of goods sold } \
12,000 & 11,600 & \text { Income tax } \
600,000 & 750,000 & \text { Net sales } \
154,800 & 182,250 & \text { Selling expenses }
\end{array}$

Question

Revenue and expense data for Reuters Company are as follows:
 $\begin{array}{lrl}
2012&2013\
\$ 18,000 & \$ 24,750 & \text { Administrative expense } \
375,000 & 500,000 & \text { Cost of goods sold } \
12,000 & 11,600 & \text { Income tax } \
600,000 & 750,000 & \text { Net sales } \
154,800 & 182,250 & \text { Selling expenses }
\end{array}$

Quizplus · Accepted Answer

The Answer of Revenue and expense data for Reuters Company are as follows:
 $\begin{array}{lrl}
2012&2013\
\$ 18,000 & \$ 24,750 & \text { Administrative expense } \
375,000 & 500,000 & \text { Cost of goods sold } \
12,000 & 11,600 & \text { Income tax } \
600,000 & 750,000 & \text { Net sales } \
154,800 & 182,250 & \text { Selling expenses }
\end{array}$

Revenue and Expense Data for Reuters Company Are as Follows