The income statement of General Motors Corporation, a U.S. automotive manufacturer, for the year ended December 31,

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The income statement of General Motors Corporation, a U.S. automotive manufacturer, for the year ended December 31, 2007, reported revenues of $207,349, cost of sales of $164,682, other operating expenses, including income taxes, of $50,335, and net financing income, after taxes, of $5,690. General Motors reports all amounts in millions of U.S. dollars (S. Compute the amount of net income or loss that General Motors reported for 2007.

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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