Income Statement An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015: 11eb742a_6ad6_ea60_a720_4392834d2822_SM1621_00 Prepare a revised income statement in accordance with generally accepted accounting principles.

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Edition 17ISBN: 978-0078025778

Exercise 40

Income Statement
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015:

Prepare a revised income statement in accordance with generally accepted accounting principles.

Explanation

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Income statement:
Income statement is o...