Attempt 1 Iris V. Padilla - 720,000 Income before Taxes and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Iris V. Padilla Ortiz Y00-03-0134 BADM-6310 Lelolay Company Income Statement For the Year Ended December 31, 2007 Net Sales $800,000 Costs and Expenses: Cost of Goods Solds 640,000 Selling, general and administrative exp. 63,000 Interest expenses (Other Net) 10,000 Infrecuent Charge 7,000 Total Cost and Expenses
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 720,000 Income before Taxes and Extraordinary Item 80,000 Income Taxes 24,000 Income before Extraordinary Item 56,000 Extraordinary Loss 10,000 Earthquake Damage (Less Taxes) 3,000 7,000 Net Income $49,000 Lelolai had $20,000 shares of commons stock outstanding during 2007 $2.45...
View Full Document

This note was uploaded on 03/02/2010 for the course ACCT 6310 taught by Professor Martinez during the Spring '10 term at InterAmerican Recinto Metropolitano.

Ask a homework question - tutors are online