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In August, Clarey Corporation, a Manufacturing Company, Reported the Following

Question 35

Essay

In August, Clarey Corporation, a manufacturing company, reported the following financial data: In August, Clarey Corporation, a manufacturing company, reported the following financial data: The company had no beginning or ending inventories. Required: a. Prepare an income statement in good form for August using the traditional approach. b. Prepare an income statement in good form for August using the contribution approach.
The company had no beginning or ending inventories.
Required:
a. Prepare an income statement in good form for August using the traditional approach.
b. Prepare an income statement in good form for August using the contribution approach.

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