Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Income statement sheet should include the Revenue, expense and net income. For this sheet, i'm confused what is the total expense, and which data do

image text in transcribedimage text in transcribed

Income statement sheet should include the Revenue, expense and net income.

For this sheet, i'm confused what is the total expense, and which data do I need to use to add them up for the total expense, thank you! I know the revenue is $25,739,000. the net income is $1108000 . so what's the expense. Because there is so many datas, I dont know which datas should I need to use for add them up to get the total expense

Income Statement All numbers in thousands 2/2/2019 25,739,000 15,215,000 10,524,000 Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring 9,000,000 Others Total Operating Expenses 24,215,000 Operating Income or Loss 1,524,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax 104,000 1,524,000 -236,000 1,420,000 Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events 322,000 1,098,000 Discontinued Operations Extraordinary ltems Effect Of Accounting Changes Other Items Net Income Net Income 1,108,000 Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 1,108,000

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_2

Step: 3

blur-text-image_step3

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

ACCA Advanced Audit And Assurance

Authors: Nick Blackwell, Annabel Lefton, Emile Woolf International

1st Edition

ISBN: 1848434715, 978-1848434714

More Books

Students also viewed these Accounting questions