Income Statement – Create a small income statement

Income Statement

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1. COMPLETE A BASIC INCOME STATEMENT.

Create a small income statement with the information below.

Wages R23,000

Commissions Earned R51,000

interest income R2,500

Utilities R1,500

Equipment Rental R300

Fee Income R750

Insurances R3,000

Taxes R4,250

Depreciation R1,000

Dividends R2,500

Income Statement

Explanation & Answer

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