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Category > Business & Finance Posted 18 Aug 2017 My Price 10.00

Question # 3 The income statement, comparative balance sheet, and additional information for LACONIC Corporation for 2015 appear below: Income...

I need help solving the question in the file attached. some explanation will be highly appreciated.


Thank you 

Question # 3
The income statement, comparative balance sheet, and additional information for LACONIC
Corporation for 2015 appear below:
Income Statement
Revenues:
Sales
$1,400
Gain on sale of equipment
30
$1430
Expenses:
CGS
Advertising expense
Depreciation
Rent
Wages
Interest expense on bonds
Income tax 800
50
70
40
110
14
72 1,156
$ 274 Comparative Balance Sheet
Cash
A/R
Inv
Prepaid rent
Equipment
Accumulated depreciation
Totals 2014
$ 75
32
62
6
181
(16)
$340 2015
$282
67
187
16
201
(51)
$702 A/P

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Martinakom
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Status NEW Posted 18 Aug 2017 12:08 PM My Price 10.00

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