Question

Ludwig Ltd. showed the following amounts for its year just ended October 31, 2014. Prepare a multistep income statement assuming a tax rate of 25%.
Cost of goods sold ................... $420,000
Gain on sale of plant and
Equipment ........................... 4,000
Interest expense....................... 6,200
Operating expenses ................ $162,000
Sales ....................................... 982,000



$1.99
Sales0
Views61
Comments0
  • CreatedJanuary 08, 2015
  • Files Included
Post your question
5000