Submitted by: Submitted by bekie6
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Words: 671
Pages: 3
Category: Other Topics
Date Submitted: 09/15/2013 06:45 PM
|Kay's Cleaners | | | | |
|Income Statement | | | | |
| |2012 | | | |
|Net Sales |80,000 | | | |
|Cost of Goods sold |30,000 | | | |
|Selling and Admin Expense |18,000 | | | |
|Operating Income |32,000 | | | |
|Interest Expense |1,000 | | | |
|Other non-operating income, net |500 | | | |
|Income from continuing |15,000 | | | |
|operations before income tax | | | | |
|Income tax on continuing operations |4,000 | | | |
|NET Income from continuing operations |11,000 | | | |
|NET Income from discontinued operations |1,500 | | | |
|NET INCOME |12,500 | | | |
|BASIC NET INCOME PER COMMON SHARE: | | |...