Ford Motor Company, one of the world's largest automakers, reports the following income statement accounts for the

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Ford Motor Company, one of the world's largest automakers, reports the following income statement accounts for the year ended December 31, 2015 ($ in millions). Use this information to prepare Ford's income statement for the year ended December 31, 2015.
Selling and administrative costs .................... $14,999
Cost of sales ........................................... 124,041
Revenues ............................................... 149,558
Other expenses ........................................ 3,145
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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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