ESTIMATED INCOME STATEMENT For the year ending December 31, 2009Revenues:Membership duesJournal SubscriptionsPublication SalesFoundation grant2005 annual meeting, profitTotal300,50051,00010,00044,0006,500412,000Expenses:Printing and mailing publicationCommittee meeting expenseAnnual meeting advanceDesktop publishing systemAdministrative salaries and expenses85,80048,30010,60026,000181,500MiscellaneousTotal26,000378,200Surplus33,800QuestionShould the amount of surplus or deficit in 2009 affect the decision to change the annual dues for 2010?

Surplus or deficit in the income statement is the excess or shortfall of operating income of the…

Answered: Should the amount of surplus or deficit…

Business

Accounting

Should the amount of surplus or deficit in 2009 affect the decision to change the annual dues for 2010?

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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