IncStateSS - Salaries and wages for office staff Insurance...

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Fitness Sporting Goods, Inc. Income Statement (Single-Step Format) For the year ended December 31, 2004 Revenues Sales Interest Total Revenues       $357,500 1,500 $359,000 Expenses Cost of goods sold Advertising Salaries and wages for sales staff Depreciation on building and amortization          of trademark
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Unformatted text preview: Salaries and wages for office staff Insurance Supplies Interest Income taxes Total Expenses Net Income $218,300 4,200 13,750 22,000 6,000 15,000 3,600 1,050 16,900 17,200 318,000 $ 41,000 Earnings per Share $8.20 In a single step income statement, expenses are deducted from revenue in one step....
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This note was uploaded on 04/12/2011 for the course ACCT 1310 taught by Professor Vickivorrell during the Spring '07 term at Cuyahoga CC.

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