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For the year ended June 30, 2021, Kingbird Inc. had service revenue of $849,000 and operating expenses of $546,000. The company has a 15%
For the year ended June 30, 2021, Kingbird Inc. had service revenue of $849,000 and operating expenses of $546,000. The company has a 15% income tax rate. No income tax instalments have been paid or recorded. Prepare an income statement for Kingbird Inc. for the year ended June 30, 2021.
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1 Income Statement for the Year Ended June 30 2021 Revenue Service Revenue 849000 Expenses Operating Expenses 546000 Net Income before Income Tax 303000 Income Tax Expense 15 of Net Income before Inco...
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
1119502551, 1-119-50255-5, 978-1119502555
