FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year
Question:
FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31:
a. Prepare an income statement.
b. Compare your income statement with the income statement that is available at FedEx’s website (http://investors.fedex.com). Under Annual Report, select Download PDF. What similarities
and differences do you see?
Transcribed Image Text:
$ 9,966 Purchased Transportation Rentals and Landing Fees Depreciation Expense Fuel Expense Maintenance and Repairs Expense Other Expense (Income) Net $2,631 2,399 2,854 2,108 9,086 50,365 18,581 Revenues Salaries and Employee Benefits Provision for Income Taxes 920
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a Revenue 50365 Expenses Depreciation expense 2631 Fuel expense 2399 Maintenance and ...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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