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    Nintendo reported net sales of 1,672,423 million yen for the year ended March 31, 2008. Their cost of sales was 972,362 million yen and expenses totaled 442,719 million yen. Retained earnings from the previous year were 1,220,293 million yen, and cash dividends were 97,205 million yen.

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    Nintendo reported net sales of 1,672,423 million yen for the year ended March 31, 2008. Their cost of sales was 972,362 million yen and expenses totaled 442,719 million yen. Retained earnings from the previous year were 1,220,293 million yen, and cash dividends were 97,205 million yen.

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    Solutiondone 2-108

    Uploaded by

    trilocksp Singh
    Nintendo reported net sales of 1,672,423 million yen for the year ended March 31, 2008. Their cost of sales was 972,362 million yen and expenses totaled 442,719 million yen. Retained earnings from the previous year were 1,220,293 million yen, and cash dividends were 97,205 million yen.

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    Nintendo company reports the following income statement

    accounts for the


    Nintendo Company reports the following income statement accounts for the year ended March
    31, 2008. (Japanese Yen in millions.)Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    ¥1,672,423Selling, general and administrative expenses . . . . . . . . . ¥ 212,840Cost of sales . . .
    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 972,362Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
    . . . . . . 229,879a. Use this information to prepare Nintendo’s income statement for the year
    ended March 31, 2008.b. Use the information above along with the following additional
    information to prepare Nintendo’s statement of retained earnings for the year ended March 31,
    2008. (Japanese Yen in millions.)Cash dividends for year ended March 31, 2008 . . . . . . . . . ¥
    97,205Retained earnings, March 31, 2007 . . . . . . . . . . . . . . . . . . . 1,220,293View Solution:
    Nintendo company reports the following income statement accounts for the
    SOLUTION-- http://solutiondone.online/downloads/nintendo-company-reports-the-following-
    income-statement-accounts-for-the/

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