Income Statement, for year ended Dec 31, 2016 2015 Sales $6,250,0 $5,450,0 00 00 Cost of Sales
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Income Statement, for year ended Dec 31, 2016 2015 Sales $6,250,0 $5,450,0 00 00 Cost of Sales 5.125.00 4.400.00 Gross Margin 1,125,00
1,050,00 Operating Expenses 580,00 550,00 0 10 Operating Income 545,000 500,000 Taxes 218.00 200,00 Net Income $327,000 $300,000
Cash Flow From Operations 2016 2015 Net Income $327,000 $300,000 Plus Depreciation Expense 125,000 125,000 + Decrease.
1,050,00 Operating Expenses 580,00 550,00 0 10 Operating Income 545,000 500,000 Taxes 218.00 200,00 Net Income $327,000 $300,000
Cash Flow From Operations 2016 2015 Net Income $327,000 $300,000 Plus Depreciation Expense 125,000 125,000 + Decrease.
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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