Question
Given the following information, prepare an income statement for IBM for the year ending December 31, 2024: Revenue $560,000,000 Cost of Goods Sold $280,000,000 Operating
Given the following information, prepare an income statement for IBM for the year ending December 31, 2024:
Revenue | $560,000,000 |
Cost of Goods Sold | $280,000,000 |
Operating Expenses | $240,000,000 |
Depreciation Expense | $51,000,000 |
Interest Expense | $46,000,000 |
Taxes | 28% of Net Income |
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
