Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2015. Expenses for 2015
Question:
Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2015. Expenses for 2015 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky’s tax rate is 30%. The corporation had 100,000 shares authorized and 70,000 shares issued and outstanding during 2015. Prepare an income statement for the year ended December 31, 2015.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted: