Question
The following information is available for Swifty Corporation for the year ended December 31, 2020: cost of goods sold $218,000, sales revenue $445,000, other revenues
The following information is available for Swifty Corporation for the year ended December 31, 2020: cost of goods sold $218,000, sales revenue $445,000, other revenues and gains $47,000, and operating expenses $78,000.
Assuming a corporate tax rate of25%, prepare a income statement for the company.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
