Question
The following information relates to Skysong, Inc. for the year 2022. Retained earnings, January 1, 2022 $39,360 Advertising expense $1,480 Dividends during 2022 4,100 Rent
The following information relates to Skysong, Inc. for the year 2022.
| Retained earnings, January 1, 2022 | $39,360 | Advertising expense | $1,480 | |||
|---|---|---|---|---|---|---|
| Dividends during 2022 | 4,100 | Rent expense | 8,530 | |||
| Service revenue | 51,250 | Utilities expense | 2,540 | |||
| Salaries and wages expense | 22,960 | Other comprehensive income (net of tax) | 330 |
After analyzing the data, compute net income.
Prepare a comprehensive income statement for the year ending December 31, 2022.
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Wiley CIA Exam Review Test Bank Part 1 Essentials Of Internal Auditing
Authors: S. Rao Vallabhaneni
1st Edition
1119987237, 978-1119987239
