1. Create an Income Statement. Tally Corp has the following information for 2014: Sales - $235,000 Cost - $141,000 Other Expenses - $7,900 Deprecjation Expense - $17,300 Interest Expense - $12,900 Taxes - $19,565 Dividends - $12,300 2014 New Equity - $6,100 Net New Long-term Debt $(4,500) Change in Fixed Assets $25,000

1. Create an Income Statement. Tally Corp has the following information for 2014: Sales - $235,000 Cost - $141,000 Other Expenses - $7,900 Deprecjation Expense - $17,300 Interest Expense - $12,900 Taxes - $19,565 Dividends - $12,300 2014 New Equity - $6,100 Net New Long-term Debt $(4,500) Change in Fixed Assets $25,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Provide Correct Answer from the options given
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