For Glad Rags Shops, the following information is available for the year ended December 31, 2016: Dividends declared $10,000
The income tax is $150,000.
Required:
Prepare an income statement for Glad Rags Shops.

Question

For Glad Rags Shops, the following information is available for the year ended December 31, 2016:  Dividends declared $10,000
The income tax is $150,000.
Required:
Prepare an income statement for Glad Rags Shops.

Quizplus · Accepted Answer

The Answer of For Glad Rags Shops, the following information is available for the year ended December 31, 2016:  Dividends declared $10,000
The income tax is $150,000.
Required:
Prepare an income statement for Glad Rags Shops.

For Glad Rags Shops, the Following Information Is Available for the Year