Income Statement Find the errors.... part 1 of 2 Not GAAP Followers, Inc prepared the following income statement for the year 2020. Calculate the correct Net Income and type in the text box below. Not GAAP Followers, Inc Income Statement as of December 31, 2020 Revenue Unearned Revenue 20 Accounts Receivable 10 Consulting Revenue 100 Total Revenue 130 Expenses Accounts Payable Prepaid Rent Loan Payable 60 Wages Expense 30 20 %24
Income Statement Find the errors.... part 1 of 2 Not GAAP Followers, Inc prepared the following income statement for the year 2020. Calculate the correct Net Income and type in the text box below. Not GAAP Followers, Inc Income Statement as of December 31, 2020 Revenue Unearned Revenue 20 Accounts Receivable 10 Consulting Revenue 100 Total Revenue 130 Expenses Accounts Payable Prepaid Rent Loan Payable 60 Wages Expense 30 20 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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