Prepare an income statement for the year ended December 31, 2012 from the adjusted trial balance below.
Definitions:
Integrated
The state of being combined into a complete and harmonious whole, especially in the context of integrating systems or ideas.
Objective Measure
An assessment tool that is based on observable and measurable facts, minimizing personal biases and interpretations.
Festinger
Leon Festinger was a psychologist known for his theory of cognitive dissonance, which describes the discomfort experienced when holding conflicting thoughts.
Self-perception Theory
A theory suggesting individuals infer their own attitudes and emotions by observing their own behavior and the context in which it occurs.
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