Question
In its income statement for the year ended December 31, 2025, Oriole Company reported the following condensed data. Salaries and wages expenses $409,200 Loss
In its income statement for the year ended December 31, 2025, Oriole Company reported the following condensed data. Salaries and wages expenses $409,200 Loss on disposal of plant assets $57,200 Cost of goods sold 749,760 Sales revenue 1,844,800 Interest expense 62,480 Income tax expense 28,520 Interest revenue 57,200 Sales discounts 140,800 Depreciation expense 272,800 Utilities expense 96,800 (a) Your answer is partially correct. Prepare a multiple-step income statement. (List other revenues before other expenses.) ORIOLE COMPANY Income Statement
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
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