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Preparing an Income Statement The work sheet for Sunset Surfwear for the year ended
Chapter 19, Problem 19-5(choose chapter or problem)
Preparing anIncome Statement
The work sheet for Sunset Surfwear for the year ended December 31 is shown in your working papers.
Instructions Prepare an income statement for Sunset Surfwear in your working papers. Refer to Figure 19–3 for guidance in setting up the income statement.
Questions & Answers
QUESTION:
Preparing anIncome Statement
The work sheet for Sunset Surfwear for the year ended December 31 is shown in your working papers.
Instructions Prepare an income statement for Sunset Surfwear in your working papers. Refer to Figure 19–3 for guidance in setting up the income statement.
ANSWER:Step 1 of 2
Purchases Discounts had a higher amount this period.
Sunset Surfwear
Income Statement
For the Year Ended December 31