Using the income and expense account

Assignment Help Financial Management

Reference no: EM131303664

Using the income and expense account information for ABC & Company listed below; construct an income statement for the year ended 31st December, 2015.

Shares outstanding: $3,150,000

Tax rate: 35%

Interest expense: $7,080,000

Revenue: $1,901,000,000

Depreciation: $100,000,000

Selling, general, and administrative expense: $170,000,000

Other income: $2,700,000

Research and development: $10,400,000

Cost of goods sold: $1,460,000,000

Reference no: EM131303664

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