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Author Question: Review the income statement and make any corrections that you feel are necessary. Bank, Rupp ... (Read 62 times)

JMatthes

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  • Posts: 578
on: Jul 5, 2018
Review the income statement and make any corrections that you feel are necessary.
 
  Bank, Rupp & Baroque, Inc.
   Income Statement
   For the Month Ended November 30, 2012
  Revenues
   Sales 38,000
   Accounts receivable 5,800
  Total revenues 43,800
  Expenses
   Rent  3,000
   Accounts payable 7,500
   Salaries 3,750
   Maintenance 850
  Total expenses 15,100
  Net income (loss) 28,700

Question 2

Top security concerns reported by IT security professionals include all the following except:
 a. data breaches
  b. cyber crimes and cyber attacks
  c. data backup
  d. workforce mobility


ladyjames123

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Bank, Rupp & Baroque, Inc.
Income Statement
For the Month Ended November 30, 2012

Sales revenue 38,000
Expenses
Rent  3,000
Salaries 3,750
Maintenance 850
Total expenses 7,600
Net income (loss) 30,400

Answer to Question 2

C


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