The following data for the year ended June 30, 2013, were extracted from the accounting records of Roof Co.:
$$\begin{array} { l l }
\$ 300,000 & \text { Cost of merchandise sold } \
95,000 & \text { Operating Espenses } \
450,000 & \text { Sales }
\end{array}$$ Prepare a multiple-step income statement for the current year ended June 30, 2013.

Question

The following data for the year ended June 30, 2013, were extracted from the accounting records of Roof Co.:
 $$\begin{array} { l l } 
\$ 300,000 & \text { Cost of merchandise sold } \
95,000 & \text { Operating Espenses } \
450,000 & \text { Sales }
\end{array}$$ Prepare a multiple-step income statement for the current year ended June 30, 2013.

Quizplus · Accepted Answer

The Answer of The following data for the year ended June 30, 2013, were extracted from the accounting records of Roof Co.:
 $$\begin{array} { l l } 
\$ 300,000 & \text { Cost of merchandise sold } \
95,000 & \text { Operating Espenses } \
450,000 & \text { Sales }
\end{array}$$ Prepare a multiple-step income statement for the current year ended June 30, 2013.

The Following Data for the Year Ended June 30, 2013