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HEATLEY INTERNATIONAL INCOME STATEMENT FY 201X REVENUES COST OF GOODS SOLD Cost of Goods Sold So GROSS PROFIT (GROSS MARGIN) So OPERATING EXPENSES Selling Expenses Total Selling Expenses $0 General Expenses Total General Expenses $0 Total Operating Expenses $0 NET PROFIT (INCOME) BEFORE TAXES $0 Less: Income Tax Expenses (25%) $0 NET PROFIT (INCOME) AFTER TAXES $0 Introduction to Business (Carcioppolo) Name: . WHEATLEY INTERNATIONAL BALANCE SHEET December 31, 201X ASSETS Current Assets Total Current Assets $0 Fixed Assets Total Fixed Assets So Other Assets Total Other Assets $0 TOTAL ASSETS $0 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Total Current Liabilities $0 Long-Term Liabilities Total Long- Term Liabilities $0 Total Liabilities $0 Owner's Equity Total Owners' Equity $0 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $o

HEATLEY INTERNATIONAL INCOME STATEMENT FY 201X REVENUES COST OF GOODS SOLD Cost of Goods Sold So GROSS PROFIT (GROSS MARGIN) So OPERATING EXPENSES Selling Expenses Total Selling Expenses $0 General Expenses Total General Expenses $0 Total Operating Expenses $0 NET PROFIT (INCOME) BEFORE TAXES $0 Less: Income Tax Expenses (25%) $0 NET PROFIT (INCOME) AFTER TAXES $0 Introduction to Business (Carcioppolo) Name: . WHEATLEY INTERNATIONAL BALANCE SHEET December 31, 201X ASSETS Current Assets Total Current Assets $0 Fixed Assets Total Fixed Assets So Other Assets Total Other Assets $0 TOTAL ASSETS $0 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Total Current Liabilities $0 Long-Term Liabilities Total Long- Term Liabilities $0 Total Liabilities $0 Owner's Equity Total Owners' Equity $0 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $o

FINANCIAL ACCOUNTING
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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HEATLEY INTERNATIONAL INCOME STATEMENT FY 201X REVENUES COST OF GOODS SOLD Cost of Goods Sold So GROSS PROFIT (GROSS MARGIN) So OPERATING EXPENSES Selling Expenses Total Selling Expenses $0 General Expenses Total General Expenses $0 Total Operating Expenses $0 NET PROFIT (INCOME) BEFORE TAXES $0 Less: Income Tax Expenses (25%) $0 NET PROFIT (INCOME) AFTER TAXES $0 Introduction to Business (Carcioppolo) Name: . WHEATLEY INTERNATIONAL BALANCE SHEET December 31, 201X ASSETS Current Assets Total Current Assets $0 Fixed Assets Total Fixed Assets So Other Assets Total Other Assets $0 TOTAL ASSETS $0 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Total Current Liabilities $0 Long-Term Liabilities Total Long- Term Liabilities $0 Total Liabilities $0 Owner's Equity Total Owners' Equity $0 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $o
Transcribed Image Text:HEATLEY INTERNATIONAL INCOME STATEMENT FY 201X REVENUES COST OF GOODS SOLD Cost of Goods Sold So GROSS PROFIT (GROSS MARGIN) So OPERATING EXPENSES Selling Expenses Total Selling Expenses $0 General Expenses Total General Expenses $0 Total Operating Expenses $0 NET PROFIT (INCOME) BEFORE TAXES $0 Less: Income Tax Expenses (25%) $0 NET PROFIT (INCOME) AFTER TAXES $0 Introduction to Business (Carcioppolo) Name: . WHEATLEY INTERNATIONAL BALANCE SHEET December 31, 201X ASSETS Current Assets Total Current Assets $0 Fixed Assets Total Fixed Assets So Other Assets Total Other Assets $0 TOTAL ASSETS $0 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Total Current Liabilities $0 Long-Term Liabilities Total Long- Term Liabilities $0 Total Liabilities $0 Owner's Equity Total Owners' Equity $0 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $o
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