Question

Given the following income statement for GG Inc. and the adjustments to be made, rebuild its income statement.
GG Inc. should use the straight-line depreciation method, which incurred only $1,500 in depreciation.
GG Inc. forgot to book $4,000 in salary paid during the year.
GG Inc. should use the new corporate tax rate, which is 30percent.


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  • CreatedFebruary 25, 2015
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