This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: contributed capital during a period Statement of stockholders equity h. The amount of profit earned during a period Income statement i. Revenues generated during a fiscal period Income statement E4-3 1. I 9. I and SE 2. SE 10. I, B, and SE 3. N 11. I 4. B 12. B and SE 5. B 13. I 6. B and SE 14. SE 7. SE 15. SE 8. I E4-4 Valentine Company Income Statement For the Month of September 2007 Sales revenue $ 48,500 Cost of goods sold 30,070 Gross profit $ 18,430 Operating expenses: Advertising 3,133 Depreciation expense 282 Insurance 670 Utilities 1,250 Wages expense 11,369 Operating income $ 1,726 Interest expense 240 Pretax income $ 1,486 Income tax expense 519 Net income $ 967...
View Full Document
This note was uploaded on 11/21/2011 for the course ACC 280 280 taught by Professor Lindaking during the Spring '10 term at University of Phoenix.
- Spring '10