Prepare an Income Statement for 2012 for FGH Properties from the following information: - Salaries.........................$70,000 - Insurance...........................700
Question:
Prepare an Income Statement for 2012 for FGH Properties from the following information:
- Salaries.........................$70,000
- Insurance...........................700
- Utilities...........................3,500
- Gas/Auto.........................5,750
- Office Supplies...................7,250
- Revenue........................175,000
- Rent..............................12,000
- Maintenance....................50,000
Did FGH Properties have a good year? Why? Why not?
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Step by Step Answer:
Income Statement for 2012 Revenue 175000 Less Operating expenses Sal...View the full answer
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Related Book For 
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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