Exam I Sol IS

Exam I Sol IS - Total Expenses 244,000 Income Before Income...

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Version 1 Flores, Inc. Income Statement For the Year Ended December 31, 2009 Service Revenue $300,000 Expenses: Wages Expense $60,000 Advertising Expense 50,600 Rent Expense 145,500 Total Expenses 256,100 Income Before Income Taxes $43,900 Income Tax Expense 15,000 Net Income $28,900 EPS (NI / 10,000 shs) $2.89
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Version 2 Flores, Inc. Income Statement For the Year Ended December 31, 2009 Service Revenue $425,000 Expenses: Wages Expense $55,000 Advertising Expense 42,000 Rent Expense 147,000
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Unformatted text preview: Total Expenses 244,000 Income Before Income Taxes $181,000 Income Tax Expense 30,000 Net Income $151,000 EPS (NI / 50,000 shs) $3.02 Version 3 Flores, Inc. Income Statement For the Year Ended December 31, 2009 Service Revenue $250,000 Expenses: Wages Expense $35,000 Advertising Expense 25,200 Rent Expense 127,000 Total Expenses 187,200 Income Before Income Taxes $62,800 Income Tax Expense 9,500 Net Income $53,300 EPS (NI / 6,000 shs) $8.88...
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Exam I Sol IS - Total Expenses 244,000 Income Before Income...

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