Essay Available:
Pages:
2 pages/β550 words
Sources:
2 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:
Nybrostrand Company Income Statement
Essay Instructions:
Prepare an income statement for the company in good format. Always include the name of the company and the period covered in the title. Don't forget dollar signs where appropriate. You do not need to include the balance sheet. Consequently, you will not need all the accounts listed above. How does the income or loss compare to the original income statement? Explain the importance of the matching concept. The submission should be 2- to 4-pages and needs to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.
Essay Sample Content Preview:
Accounting
Name
Institution
Date
Corrected income statement
| Nybrostrand Company | ||
| Income Statement | ||
| For the Year 12/31/2014 | ||
| Revenues | $586,000 | |
| Cost of goods sold ( $ 307,000- $ 42,500) | ($264,500) | |
| Gross Profit | $321,500 | |
| Operating Expenses | ||
| Depreciation expense | 24,350 | |
| Insurance | 1,400 | |
| Marketing | 4,500 | |
| Rent | 28,000 | |
| Salaries | 78,500 | |
| Utilities | 6,700 | |
| Property taxes | 16,900 | |
| 160,350 | ||
| Net Income (Loss) | $161,150 | |
| <...
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