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Problem 4-7 Income statement presentation; statement of comprehensive income; unusual items [LO4-1, 4-3, 4-4, 4-5, 4-6, 4-7] The following income statement items appeared on the
Problem 4-7 Income statement presentation; statement of comprehensive income; unusual items [LO4-1, 4-3, 4-4, 4-5, 4-6, 4-7]
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2013 ($ in 000s): sales revenue, $15,300; cost of goods sold, $6,200; selling expenses, $1,300; general and administrative expenses, $800; interest revenue, $85; interest expense, $180. Income taxes have not yet been accrued. The company |
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