The adjusted trial balance of Kwun Company at December 31, 2014, includes the following accounts (in thousands):

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The adjusted trial balance of Kwun Company at December 31, 2014, includes the following accounts (in thousands): Share Capital—Ordinary W15,600; Dividends W6,000; Service Revenue W38,400; Salaries and Wages Expense W16,000; Insurance Expense W2,000; Rent Expense W4,400; Supplies Expense W1,500; and Depreciation Expense W1,300. Prepare an income statement for the year.

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Financial Accounting IFRS

ISBN: 978-1118285909

2nd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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