Question
OPQ Pharmaceuticals Inc.: Revenue: $4,800,000 Cost of Goods Sold (COGS): $2,500,000 Research and Development Expenses: $400,000 Selling, General, and Administrative Expenses (SG&A): $600,000 Interest Expense:
OPQ Pharmaceuticals Inc.:
- Revenue: $4,800,000
- Cost of Goods Sold (COGS): $2,500,000
- Research and Development Expenses: $400,000
- Selling, General, and Administrative Expenses (SG&A): $600,000
- Interest Expense: $40,000
- Other Income: $35,000
- Income Tax Expense: $200,000
Prepare the profit and loss account and calculate the net income for OPQ Pharmaceuticals Inc.
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
