Using the income and expense account information for abc


Using the income and expense account information for ABC & Company listed below; construct an income statement for the year ended 31st December, 2015.

Shares outstanding: $3,150,000

Tax rate: 35%

Interest expense: $7,080,000

Revenue: $1,901,000,000

Depreciation: $100,000,000

Selling, general, and administrative expense: $170,000,000

Other income: $2,700,000

Research and development: $10,400,000

Cost of goods sold: $1,460,000,000

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Using the income and expense account information for abc
Reference No:- TGS01706352

Expected delivery within 24 Hours