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Flounder corp.’s sales slumped badly in 2017. for the first time in its history, it operated at a loss. the company’s income statement showed the following results from selling 575,500 units of product: sales $2,877,500, total costs and expenses $2,992,600, and net loss $115,100. costs and expenses consisted of the amounts shown below.
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Flounder corp.’s sales slumped badly in 2017. for the first time in its history, it operated at a lo...
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