Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Income Statement Q4 Suppose Valley Technology has the following revenue and expenses for 2017: Revenues of $8,200,000 Cost of Goods Sold of $2,460,000 Depreciation Expenses

Income Statement Q4

Suppose Valley Technology has the following revenue and expenses for 2017:

Revenues of $8,200,000

Cost of Goods Sold of $2,460,000

Depreciation Expenses of $600,000

Income Taxes of $1,088,000

Interest Expenses of $80,000

Other Expenses of $700,000

Sales, General, & Administrative Expenses of $1,640,000

Build an income statement with amounts in thousands

What is the value of Pre-Tax Income?

Please specify your answer in the same units as the income statement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

10th edition

978-1-119-3061, 1119306167, 978-1119444367

More Books

Students also viewed these Accounting questions

Question

2. What we can learn from the past

Answered: 1 week ago

Question

2. Develop a good and lasting relationship

Answered: 1 week ago