Sales Interest Other Qtr1 Total Qtr2 Investment Income 18475 14900 Qtr3 Qtr4 35000 125000 52000 65000 277000 2020 11400 75000 10000 72000 168400 15000 22000 16500 42000 91875 14500 40000 91500 79875 236900 93000 219000 628775

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Related questions
Question
Sales
Interest
Other
Qtr1
Total
Qtr2
Investment Income 18475 14900
35000 125000 52000 65000
Qtr3 Qtr4
11400 75000 10000
15000
72000
2020
277000
168400
16500 42000 91875
22000 14500 40000 91500
79875 236900 93000 219000 628775
Transcribed Image Text:Sales Interest Other Qtr1 Total Qtr2 Investment Income 18475 14900 35000 125000 52000 65000 Qtr3 Qtr4 11400 75000 10000 15000 72000 2020 277000 168400 16500 42000 91875 22000 14500 40000 91500 79875 236900 93000 219000 628775
File
Paste
H
C11
Home
Cut
EB Copy
Clipboard
5. C
Ready
Format Painter
A
Insert
B
Arial
1
2
3
4
5 Revenues and gains
6
*Sales revenue
7
*Interest revenue
8
*Investment Income
9
10
*Other revenue
Page Layout
BIU
Total revenue and gains
T
fx
***Computer (operating)
**Depreciation
11
12 Expenses and losses
13
**Cost of goods sold
14
**Selling and admin administrative
15
16
17
18
19 Income before taxes
20 Income tax expense (25%)
21 Net Income
**Interest expense
Total expenses and losses
Font
с
KPT Enterprises
COMPARITIVE INCOME STATEMENT
for years ended 31 December
2020 QuarterlyRevenue
10
Formulas Data
7
A A
A.
2020
55,000
125,000
53,500
53,500
35,000
Review
E
20
assgt mgmt1000_open_s3_22 (Autosav
View
Tell me what you want to
Alignment
2021
F
Wrap Text
Merge & Center
G
Tax Rate
37
25%
General
Income Statement Aggregates Quarterly Revenue Chart - 2020
7
%
Numi
H
Transcribed Image Text:File Paste H C11 Home Cut EB Copy Clipboard 5. C Ready Format Painter A Insert B Arial 1 2 3 4 5 Revenues and gains 6 *Sales revenue 7 *Interest revenue 8 *Investment Income 9 10 *Other revenue Page Layout BIU Total revenue and gains T fx ***Computer (operating) **Depreciation 11 12 Expenses and losses 13 **Cost of goods sold 14 **Selling and admin administrative 15 16 17 18 19 Income before taxes 20 Income tax expense (25%) 21 Net Income **Interest expense Total expenses and losses Font с KPT Enterprises COMPARITIVE INCOME STATEMENT for years ended 31 December 2020 QuarterlyRevenue 10 Formulas Data 7 A A A. 2020 55,000 125,000 53,500 53,500 35,000 Review E 20 assgt mgmt1000_open_s3_22 (Autosav View Tell me what you want to Alignment 2021 F Wrap Text Merge & Center G Tax Rate 37 25% General Income Statement Aggregates Quarterly Revenue Chart - 2020 7 % Numi H
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