Accounting basics : Preparation of income statement by ClassOf1

VIEWS: 175 PAGES: 2

More Info
									              Sub: Accounts                                                                 Topic: Accounting Basics



              Question:
              Preparation of income statement using the given information.

         ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in
                       Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects.

              Income Statement Preparation:

              The following selected information is taken from the records of Beckstrom Corporation.

              Accounts payable                                                          $35,000

              Accounts receivable                                                        65,000

              Advertising expense                                                        15,000
								
To top