Selected financial information for Offshore Co. for the year ended December 31, 2013, follows. Revenues . .

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Selected financial information for Offshore Co. for the year ended December 31, 2013, follows.

Revenues . . . . . . . $68,000

Expenses . . . . . . . . $40,000

Net income . . . . . . . $28,000

Required

Prepare the 2013 income statement for Offshore Company.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 14, 2013 05:52 AM

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Selected financial information for Offshore Co. for the year ended December 31, 2013, follows. Revenues . .

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Fundamental accounting principle

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