Question
Income statement for Gaidar Company for 2014 and 2015 follow: GAIDAR COMPANY Income Statement20152014Sales$200,200$180,200Cost of goods sold142,400120,400Selling expenses21,30019,300Administrative expenses12,40014,400Interest expense3,8005,800Total expenses$179,900$159,900Income before taxes20,30020,300Income taxes expense6,5003,800Net
Income statement for Gaidar Company for 2014 and 2015 follow:
GAIDAR COMPANY
Income Statement20152014Sales$200,200$180,200Cost of goods sold142,400120,400Selling expenses21,30019,300Administrative expenses12,40014,400Interest expense3,8005,800Total expenses$179,900$159,900Income before taxes20,30020,300Income taxes expense6,5003,800Net income$13,800$16,500
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
