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Question 11 Below is the Partial of adjusted Trial Balance for Susan Co. 31/12/19 Debits Credits Susan had 50,000 share outstanding throughout the year. Income
Question 11 Below is the Partial of adjusted Trial Balance for Susan Co. 31/12/19 Debits Credits Susan had 50,000 share outstanding throughout the year. Income tax expense has not yet accrued. The effective tax rate is 25% Sales revenue 850,000 Required: Prepare multiple Income statement the answer the question below. Interest revenue 60,000 How much is the operating income? Gain on sale of investments 110,000 Cost of goods sold 500,000 Loss on flood damage 6,500 Restructuring cost 23,000 Salaries and wages 150,000 Depreciation expense 40,000 Interest expense 30,000 Marketing and administrative expenses 60,000
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