The following is selected financial information for Edison Energy Company for the year ended December 31, 2015:

Question:

The following is selected financial information for Edison Energy Company for the year ended December 31, 2015: revenues, $55,000; expenses, $40,000; net income, $15,000.


Required

Prepare the 2015 calendar-year income statement for Edison Energy Company.

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Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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