FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending

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FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31:

Depreciation Expense ................................ $3,095

Purchased Transportation ..................... $ 15,101

Fuel Expense ................................................. 3,374 

Rentals and Landing Fees ............................ 3,361

Maintenance and Repairs Expense ............ 2,622 

Revenues ..................................................... 65,450

Other Expense (Revenue) Net ................... 10,337 

Salaries and Employee Benefits ................ 23,207

Provision for Income Taxes (Benefits) ......... (577)

Prepare an income statement.

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Related Book For  answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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