The following information for Lesky Corporation covers the year ended December 31, 2010: Required Change this statement
Question:
The following information for Lesky Corporation covers the year ended December 31, 2010:
Required
Change this statement to a multiple-step format, as illustrated in this chapter.
Transcribed Image Text:
LESKY CORPORATION Income Statement For the Year Ended December 31, 2010 Revenue: Revenues from sales Rental income Interest S362,000 1,000 2 400 365,400 Total revenue Expenses: Cost of products sold Selling ex penses Administrative and general expenses Interest expense Federal and state income taxes $242,000 47,000 11,400 2,200 20.300 Total expenses 322.900 42,500 Net income
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Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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