STATEMENTS OF RECEIPTS AND EXPENSES For the fiscal years ended April 30, 2019 2020 OPERATING RECEIPTS (Note 11) 10,393,998 P 7,917,093 OPERATING EXPENSES (Note 12) 8,145,113 8,605,909 EXCESS OF EXPENSES OVER RECEIPTS 2,248,885 (688,816) OTHER INCOME, NET (Note 13) 1,098,761 TOTAL NET RECEIPTS (EXPENSES) P 3,347,646 P (688,816) See Notes to Financial Statements
STATEMENTS OF RECEIPTS AND EXPENSES For the fiscal years ended April 30, 2019 2020 OPERATING RECEIPTS (Note 11) 10,393,998 P 7,917,093 OPERATING EXPENSES (Note 12) 8,145,113 8,605,909 EXCESS OF EXPENSES OVER RECEIPTS 2,248,885 (688,816) OTHER INCOME, NET (Note 13) 1,098,761 TOTAL NET RECEIPTS (EXPENSES) P 3,347,646 P (688,816) See Notes to Financial Statements
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter18: Accounting For Income Taxes
Section: Chapter Questions
Problem 18E
Related questions
Question
Make a Horizontal Analysis and briefly explain the findings.
![STATEMENTS OF RECEIPTS AND EXPENSES
For the fiscal years ended April 30,
2019
2020
OPERATING RECEIPTS (Note 11)
10,393,998 P
7,917,093
OPERATING EXPENSES (Note 12)
8,145,113
8,605,909
EXCESS OF EXPENSES OVER RECEIPTS
2,248,885
(688,816)
OTHER INCOME, NET (Note 13)
1,098,761
TOTAL NET RECEIPTS (EXPENSES)
3,347,646 P
(688,816)
See Notes to Financial Statements](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0da8e36-d614-4669-8dfd-04fdabac898b%2Ff711fa84-138b-4fd7-aa80-3f3f470eef20%2Fp7wq7u8_processed.png&w=3840&q=75)
Transcribed Image Text:STATEMENTS OF RECEIPTS AND EXPENSES
For the fiscal years ended April 30,
2019
2020
OPERATING RECEIPTS (Note 11)
10,393,998 P
7,917,093
OPERATING EXPENSES (Note 12)
8,145,113
8,605,909
EXCESS OF EXPENSES OVER RECEIPTS
2,248,885
(688,816)
OTHER INCOME, NET (Note 13)
1,098,761
TOTAL NET RECEIPTS (EXPENSES)
3,347,646 P
(688,816)
See Notes to Financial Statements
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