Harbor Island Investments (HII) is a discount brokerage firm offering clients investment advice, trading services, and a
Question:
Harbor Island Investments (HII) is a discount brokerage firm offering clients investment advice, trading services, and a variety of mutual funds for investment. HII has collected the following information for November:
Required
Prepare an income statement for November for HII.
Transcribed Image Text:
A 1 Employee compensation 2 Employee training programs 3 Fees paid to execute trades 4 Lease and facility costs 5 Marketing 6 Revenues (Advisory fees) 7 Revenues (Brokerage commissions) 8 Sales commissions to brokers 9 Supervisors' salaries 10 B $880,000 467,500 2,200,000 192,500 99,000 1,650,000 3,300,000 275,000 330,000 C
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