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Al Arabi Company income list For the year ending on December 31, 2020 Revenues revenue for public services 165,200 Total revenue 165,200 expenses Marketing expenses
Al Arabi Company
income list
For the year ending on December 31, 2020
Revenues
revenue for public services
165,200
Total revenue
165,200
expenses
Marketing expenses
6,800
Office rental costs
13,500
salary expenses
86,000
Equipment rental costs
37,200
supplies expenses
19,100
Income tax expenses
560
Total cost
163,160
Net profit
2040
Al Arabi Company
List of retained earnings
For the year ending on December 31, 2020
Retained earnings balance at the beginning of the year
0
Net profit
2,040
Total
2,040
(-) Distributions
0
Retained earnings balance at the end of the period
2,040
Al Arabi Company
balance sheet
For the year ending on December 31, 2020
assets
Current assets
cash
1,800
debtors
24,900
supplies
1,600
Total current assets
28,300
total assets
28,300
Obligations and Equity
commitments
creditors
19,400
Income tax payable
560
salaries due
1,300
total commitments
21,260
Property rights
capital
5,000
+ retained earnings
2,040
total equity
7,040
Total liabilities and equity
28,300
A- As a financial accountant, provide a thorough analysis of the company's financial performance.with at least 200 words
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
