Question

What would should the financial statement look like on an excel document? It is almost midnight...

What would should the financial statement look like on an excel document?

It is almost midnight on December 31, 20XX, and the bookkeeping program at Crank-M-Up, Inc. is malfunctioning. Instead of producing an income statement, it keeps printing an alphabetical list of accounts: Administrative expenses $215,000 Cost of goods sold 408,500 Extraordinary casualty loss 70,000 Income taxes 54,900 Loss on inventory write-down (nonrecurring) 13,000 Gain on foreign currency translation 19,500 Loss from discontinued operations 30,000 Sales 945,000 Selling expenses 145,000

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Answer #1

The financial statement in excel template is attached below

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