The following is selected financial information for Elko Energy Company for the year ended December 31, 2013:

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The following is selected financial information for Elko Energy Company for the year ended December 31, 2013: revenues, $55,000; expenses, $40,000; net income, $15,000.

Required

Prepare the 2013 calendar-year income statement for Elko Energy 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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The following is selected financial information for Elko Energy Company for the year ended December 31, 2013:

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Fundamental accounting principle

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