In its income statement for the year ended December 31, 2022, Wildhorse Co. reported the following condensed data. Operating expenses $ 726,000 Interest revenue $ 39,000 Cost of goods sold 1,262,000 Loss on disposal of plant assets 23,000 Interest expense 75,000 Net sales 2,205,000 Income tax expense 51,000 Other comprehensive income (net of $1,200 tax) 8,900 I have to find a Income statement as well as a Comprehensive income, statement is needed, and I am confused
In its income statement for the year ended December 31, 2022, Wildhorse Co. reported the following condensed data. Operating expenses $ 726,000 Interest revenue $ 39,000 Cost of goods sold 1,262,000 Loss on disposal of plant assets 23,000 Interest expense 75,000 Net sales 2,205,000 Income tax expense 51,000 Other comprehensive income (net of $1,200 tax) 8,900 I have to find a Income statement as well as a Comprehensive income, statement is needed, and I am confused
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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In its income statement for the year ended December 31, 2022, Wildhorse Co. reported the following condensed data.
|
Operating expenses
|
$ 726,000 |
Interest revenue
|
$ 39,000 | |||
|---|---|---|---|---|---|---|
|
Cost of goods sold
|
1,262,000 |
Loss on disposal of plant assets
|
23,000 | |||
|
Interest expense
|
75,000 |
Net sales
|
2,205,000 | |||
|
Income tax expense
|
51,000 |
Other comprehensive income (net of $1,200 tax)
|
8,900 |
I have to find a Income statement as well as a Comprehensive income, statement is needed, and I am confused.
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