From the books of Krabby Co. for 2017: Sales $950,000 Interest Expense $35,000 Loss on sale of equipment $10,000 Revaluation surplus during 2017 $5,000 Cost of goods sols $600,000 Bank service charges $15,000 Selling expense $50,000 Administrative expenses $30,000 Translation gain on foreign operation $10,000 Income tax expense $85,000 Unrecorded 2016 interest on notes payable $10,000 Over-depreciation during 2016 $7,500 How much is the total comprehensive income of the company for 2017?
From the books of Krabby Co. for 2017:
Sales $950,000
Interest Expense $35,000
Loss on sale of equipment $10,000
Revaluation surplus during 2017 $5,000
Cost of goods sols $600,000
Bank service charges $15,000
Selling expense $50,000
Administrative expenses $30,000
Translation gain on foreign operation $10,000
Income tax expense $85,000
Unrecorded 2016 interest on notes payable $10,000
Over-
How much is the total comprehensive income of the company for 2017?
Step by step
Solved in 2 steps with 4 images