Question
A company reports the following data: Interest expense $10,000 Cost of goods sold $160,000 Marketing expenses $70,000 Administrative expenses $50,000 Sales $400,000 Stock dividends $5,000
A company reports the following data:
| Interest expense | $10,000 |
| Cost of goods sold | $160,000 |
| Marketing expenses | $70,000 |
| Administrative expenses | $50,000 |
| Sales | $400,000 |
| Stock dividends | $5,000 |
| Income tax | $20,000 |
| Depreciation expense | $20,000 |
Construct an income statement using the information provided.
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Information Technology Control And Audit
Authors: Angel R. Otero
5th Edition
1498752284, 9781498752282
