Income Statement For The Year Ended December 31 2017

Contains the following condensed information.

Income statement for the year ended december 31 2017. For the year ended 31 march 2017 statement of financial position 2017 2016 notes n 000 n 000 assets non current assets property plant and equipment 14 578 206 595 565 intangible assets 15 52 231 57 347 finance lease receivable 17 10 381 10 381 640 818 663 293 current assets. Expenses income from operations interest expense income before income taxes income tax expense net. United oil gas plc is pleased announce its audited annual report and financial statements for the year ended 31 december 2017 2017 report extracts of which are set out below. 12 31 2017 cost of goods sold gross margin selling and admin.

This information is taken from the financial statements of a real company whose name has been disguised. Consolidated statement of comprehensive income for the years ended december 31 2017 and 2016 2017 2016 note sar 000 sar 000 net income for the year 936 167 809 023 other comprehensive income. Sales revenue mu watches. Items that can be recycled back to consolidated statement of income in subsequent periods have been recycled in the current year.

The company s 31 december 2017 financial statements are shown on pages 170 to 185. Wilson trucking company income statement for year ended december 31 2017 revenues trucking fees earned 118 500 expenses repairs expense trucks 10 191 office supplies expense 12 500 salaries expense 55 577 depreciation expense trucks 20 063 total expenses 98 331 net income 20 169 prepare the statement of retained earnings for the year ended december 31 2017. Income statement for the year ended december 31 2017 sales cost of goods sold. The income statement for the year ended december 31 2017 as well as the balance sheets as of december 31 2017 and december 31 2016 for lucky lady inc.

Service revenue clinic racing team 543 000. The group s principal activity is the provision of services to the oil and gas production and processing industry. For the year ended december 31 2017. Prepare the income statement for the year ended december 31 2017.

List items that increase retained earnings. The company s 2017 report is being posted to shareholders and will shortly be made available from the company s website at. Sales 6 583 000 cost of goods sold 3 572 000 gross profit 3 011 000 operating expenses 2 289 000 gain on sale of machinery 24 000 2 265 000 profit from operations 746 000 other expenses interest expense 35 000 profit before income tax 661 000 income tax. Prepare a retained earnings statement for the year ended december 31 2017.

Income tax net income practice brief exercise 4 6 pharoah company has retained earnings of 1 720 000 at january 1 2017. 31 2016 8700 cost of goods manufactured goods available for sale less.