Question

Homework: Chapter 1 exercises Score: 0 of 1 pt S1-12 (similar to) of 94 complete HW Score: 57.41%, 31 of 54 pts Assigned Media I Question Help Best Services, Inebegan 2016 with total assets of 1215 minion and ended 2018 with total sets of $360 milon During 2018 Best Services and revenues of 105 Bon and had expenses of $16 milion Best Services declared and paid dividends of $22 million in 2018. Prepare the company's income statement for the year ended December 31, 2018, complete with an appropriate reading ent as $100. Entranet loss with a m i nor parentheses a box is not used in the financ ement leave the box Prepare the income somente all mountain millions. For example 100 million should be entered into the w emply do not selectate or enter a more) Best Services, Inc Year Ended December 31, 2018

Answer 1

Best Services, Inc
Income Statement
Year Ended December 31, 2018
	(Millions)
Revenues	$           395
Less: Expenses	$           162
Net income	$           233

Assets and dividends will not include in income statement. Assets is a balance sheet item and dividends is a statement of retained earnings item

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