Question

Hill Company prepares quarterly and year-to-date interim reports. The following is its interim income statement for the quarter ended March 31, 2016:
On June 30, 2016, Hill’s accountant completed a worksheet in preparation for developing the year-to-date interim income statement. The following are the accounts and amounts listed on the income statement debit and credit columns of this worksheet:
Required:
Assuming 20,000 shares of common stock have been outstanding for the entire 6 months, prepare:
1. Hill’s year-to-date interim income statement for the first 6 months of 2016.
2. Hill’s interim income statement for the second quarter of 2016.


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  • CreatedOctober 05, 2015
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