Bach - $10,000 Net Income $76,000 b) Bach Company Income...

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a) Bach Company Income Statement For the Year Ended December 31, 2006 Net Sales $2,342,000 Cost of Goods Sold $1,289,000 Gross Profit $1,053,000 Operating Expenses: Selling Expenses $490,000 Administrative Expenses $435,000 Total Operating Expenses $925,000 Income from Operations $128,000 Other Revenues and Gains Interest Revenue $28,000 Other Expenses and Losses: Interest Expense $70,000 Loss on Sale of Equipment
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Unformatted text preview: $10,000 Net Income $76,000 b) Bach Company Income Statement For the Year Ended December 31, 2006 Revenues: Net Sales $2,342,000 Interest Revenue $28,000 Total Revenues $2,370,000 Expenses: Cost of Goods Sold $1,289,000 Selling Expenses $490,000 Administrative Expenses $435,000 Interest Expense $70,000 Loss on Sale of Equipment $10,000 Total Expenses $2,294,000 Net Income $76,000...
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This note was uploaded on 04/04/2009 for the course ACC 321 taught by Professor Ahmedmokhtar during the Spring '09 term at Ain Shams University.

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