Answered step by step
Verified Expert Solution
Question
1 Approved Answer
explain the difference in the items between the two income statements and add how similar the two are - - E C.1 S.G Company Income
explain the difference in the items between the two income statements
and add how similar the two are
- - E C.1 S.G Company Income Statement For the six months ended June 30, 2017 Particulars Amount Amount Revenues: Sales revenue 52,100 Service revenue 6,700 Total Revenues 58,800 Expenses: Salaries and wage expenses 30,000 Supplies expenses 2,200 insurance expenses 900 Advertising expenses 1,900 Rent expenses 1,500 Utilities expenses 1,700 Depreciation expenses 1,125 Intrest expenses 750 Total expenses 40,075 Net income 18,725 ANNUALLY QUARTERLY STATEMENT OF INCOME 2020-12-31 2020-09-30 2020-06-30 2020-03-31 Sales 15,212,618 14,881,429 14,920,233 13,934,852 6,723,418 5,910,474 6,579,241 5,738,971 8,489,200 8,970,955 8,340,992 8,195,881 144,187 112,307 242,141 567,986 8.633,387 9,083,262 8,583,133 8.763,867 Sales Cost Total Income Other Revenues Total Revenues Admin and Marketing Expenses Depreciation Other Expenses Total Expenses Net Income Before Zakat 2,773,670 3,182,877 2.999,454 2,865,989 1,615,892 1,558,867 1,530,786 1,583,702 1,114,227 1,219,917 1,038,442 1,132,664 5,503,789 5,961,661 5,568,682 5,582,355 3,129,598 3.121,601 3,014,451 3,181,512 Zakat 446,736 356,064 290,236 268,767 Net Income 2,682,862 2,765,537 2,724,215 2.912,745 Balance First Period 34,508,20 34,508,202 34,508,202 34,508,202 Reserves Cash Dividends 7.995,050 5,998,033 4,000,000 2,000,000 Other Distributions Balance End Period 37,598,511 36.912.666 36,145,162 35,420,947 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started