{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T21:07:46-04:00", "answer_date": "2024-05-28 21:07:46", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1858626", "url": "\/study-help\/questions\/headland-companys-income-statement-for-the-year-ended-december-31-1858626", "question_creation_date_js": "2024-05-28T21:07:46-04:00", "question_creation_date": "May 28, 2024 09:07 PM", "meta_title": "[Solved] Headland Company's income statement for t | SolutionInn", "meta_description": "Answer of - Headland Company's income statement for the year ended December 31, 2020, contained the following condensed informatio | SolutionInn", "meta_keywords": "headland,company,s,income,statement,year,ended,december,31,2020,contained,condensed", "question_title_h1": " Headland Company's income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $847,000 Operating expenses (excluding depreciation) $626,000", "question_title": " Headland Company's income statement for the year ended December 31, 2020,", "question_title_for_js_snippet": "Headland Company's income statement for the year ended December 31, 2020, contained the following condensed information Service revenue $847,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 712,000 Income before income taxes 135,000 Income tax expense 40,000 Net income $95,000 Headland's balance sheet contained the following comparative data at December 31 2020 2019 Accounts receivable $35,000 $52,000 Accounts payable 43,000 30,000 Income taxes payable 4,000 9,000 (Accounts payable pertains to operating expenses )", "question_description": "\"image\"image", "transcribed_text": "Headland Company's income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $847,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 712,000 Income before income taxes 135,000 Income tax expense 40,000 Net income $95,000 Headland's balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable $35,000 $52,000 Accounts payable 43,000 30,000 Income taxes payable 4,000 9,000 (Accounts payable pertains to operating expenses.)", "related_book": { "title": "Financial And Managerial Accounting", "isbn": "1337119202, 978-1337119207", "edition": "14th Edition", "authors": "Carl S. Warren, James M. Reeve, Jonathan Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64634277d1690_1244.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-14th-edition-1244", "see_more_uri": "" }, "free_related_book": { "isbn": "3319849018", "uri": "\/textbooks\/application-of-social-media-in-crisis-management-advanced-sciences-and-technologies-for-security-applications-1st-edition-978-3319849010-230788", "name": "Application Of Social Media In Crisis Management Advanced Sciences And Technologies For Security Applications", "edition": "1st Edition" }, "question_posted": "2024-05-28 21:07:46", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/you-work-as-a-manager-in-the-admission-department-of-489269", "description": "You work as a manager in the admission department of company. 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