The following is selected financial information for Sun Energy Company for the year ended December 31, 2011:

Question:

The following is selected financial information for Sun Energy Company for the year ended December 31, 2011: revenues, $65,000; expenses, $50,000; net income, $15,000.


Required

Prepare the 2011 calendar-year income statement for Sun Energy Company.


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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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