Question
The following information is available for UST Company: Sales $850,000 Interest Revenue 5,000 Cost of Goods Sold 350,000 Salaries Expense 100,000 Supplies Expense 15,000 Interest
The following information is available for UST Company:
Sales $850,000
Interest Revenue 5,000
Cost of Goods Sold 350,000
Salaries Expense 100,000
Supplies Expense 15,000
Interest Expense 25,000
Advertising Expense 65,000
Instructions
Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
