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The Kansas native owns a 42% stake in the firm, as did…
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From this cash, printers, computers and office equipment were purchased for $20,000. Entry #14 — PGS has more cash sales of $25,000 with cost of goods of $10,000. As such, if actual royalty earned is…
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Also, lower profits will indicate that the company is not performing well. Suppose that a company has purchased…