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show indirect method asap Benji Company Income Statement For the Year Ended December 31, 2015 Revenues $8.200 Depreciation expense $700 Other operating expenses 6.800 7.500
show indirect method asap
Benji Company Income Statement For the Year Ended December 31, 2015 Revenues $8.200 Depreciation expense $700 Other operating expenses 6.800 7.500 Income before income taxes $700 Income tax expense 175 Net Income 5.525 Benji Company Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Liab. & SE: Cash $ 380 $ 120 AR 640 580 Inc Taxes/Pay Inventories 950 840 Loans to Customers 150 0 LT debt Plant & Equip 3,370 2,990 Common Stock Less: Acc. Depr (1.420). (220) Retained Earnings Total Assets $4.070 $3,810 Total Liab. & SE 2015 2014 $ 770 90 $ 600 160 1,230 1,200 780 $4.070 1,630 1,000 420 $3.810 Benji Company Income Statement For the Year Ended December 31, 2015 Revenues $8.200 Depreciation expense $700 Other operating expenses 6.800 7.500 Income before income taxes $700 Income tax expense 175 Net Income 5.525 Benji Company Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Liab. & SE: Cash $ 380 $ 120 AR 640 580 Inc Taxes/Pay Inventories 950 840 Loans to Customers 150 0 LT debt Plant & Equip 3,370 2,990 Common Stock Less: Acc. Depr (1.420). (220) Retained Earnings Total Assets $4.070 $3,810 Total Liab. & SE 2015 2014 $ 770 90 $ 600 160 1,230 1,200 780 $4.070 1,630 1,000 420 $3.810 Step by Step Solution
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