FedEx Corporation had the following revenue and expense account balances (in millions) at its fiscal year-end of

Question:

FedEx had the following revenue and expense account balances (in millions) at its fiscal year-end of May 31, 2009:

FedEx Corporation had the following revenue and 2009

a. Prepare an income statement.
b. Compare your income statement with the related income statement that is available at the FedEx Corporation Web site, which is linked to the texts Web site at academic.cengage.com/accounting/warren. What similarities and differences do yousee?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...