Income Statement FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31: Depreciation Expense $ 3,095 Fuel Expense 3,374 Maintenance and Repairs Expense 2,622 Other Expense 10,337 Provision for Income Taxes (Benefit) (219) Purchased Transportation 15,101 Rentals and Landing Fees 3,361 Revenues 65,450 Salaries and Employee Benefits 23,207 Prepare an income statement. FedEx CorporationIncome StatementFor the Year Ended May 31 (in millions) $Revenues Expenses: $Salaries and employee benefits Purchased transportation Rentals and landing fees Depreciation expense Fuel expense Maintenance and repairs expense Provision for income taxes (benefit) Other expense Total expenses fill in the blank 19 $Net income
Income Statement FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31: Depreciation Expense $ 3,095 Fuel Expense 3,374 Maintenance and Repairs Expense 2,622 Other Expense 10,337 Provision for Income Taxes (Benefit) (219) Purchased Transportation 15,101 Rentals and Landing Fees 3,361 Revenues 65,450 Salaries and Employee Benefits 23,207 Prepare an income statement. FedEx CorporationIncome StatementFor the Year Ended May 31 (in millions) $Revenues Expenses: $Salaries and employee benefits Purchased transportation Rentals and landing fees Depreciation expense Fuel expense Maintenance and repairs expense Provision for income taxes (benefit) Other expense Total expenses fill in the blank 19 $Net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Income Statement
FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31:
| $ 3,095 | |
| Fuel Expense | 3,374 |
| Maintenance and Repairs Expense | 2,622 |
| Other Expense | 10,337 |
| Provision for Income Taxes (Benefit) | (219) |
| Purchased Transportation | 15,101 |
| Rentals and Landing Fees | 3,361 |
| Revenues | 65,450 |
| Salaries and Employee Benefits | 23,207 |
Prepare an income statement.
FedEx CorporationIncome StatementFor the Year Ended May 31 (in millions)
|
|
$Revenues | |
| Expenses: | ||
|
|
$Salaries and employee benefits | |
|
|
Purchased transportation | |
|
|
Rentals and landing fees | |
|
|
Depreciation expense | |
|
|
Fuel expense | |
|
|
Maintenance and repairs expense | |
|
|
Provision for income taxes (benefit) | |
|
|
Other expense | |
| Total expenses | fill in the blank 19 | |
|
|
$Net income |
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