6) 25)

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Which of the following statements about a multistep income statement is not correct? Multiple Choice Income before Income taxes = Net Income + Income tax expense Depreciation is subtracted in the calculation of core operating results. a Income from operations = Income before Income tax expense + Other revenues (expenses), net U Income from operations = Net Income + Income tax expense - Other revenues (expenses), net Samberg Inc. had the following transactions. a. Oct. 1 - Sold $10,300 of merchandise on account, 2/10, n/30 to McCormick Industries. b. Nov. 1 Received a $10,300, 90-day, 9% note from McCormick Industries to settle its $10,300 unpaid balance. c. Dec. 31 Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan. 31 Received the interest on the note's maturity date. e. Jan. 31 Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries. View transaction list Journal entry worksheet Record the entry for interest received, from McCormick Industries, on the note's maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Jan 31 Record entry Clear entry View general journal Journal entry worksheet