Beasley,Inc

question 126

Essay

Beasley,Inc.reports the following amounts in its December 31,2012,income statement.
Prepare a multiple-step income statement.
$$\begin{array} { l r l r } \text { Sales revenue } & \$ 300,000 & \text { Income tax expense } & \$ 38,000 \\\text { Interest expense } & 12,000 & \text { Cost of goods sold } & 125,000 \\\text { Salaries expense } & 35,000 & \text { Advertising expense } & 24,000 \\\text { Utilities expense } & 41,000 & &\end{array}$$

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Definitions:

Salary

Compensation received by an employee, usually as periodic payments, for performing their job responsibilities.

Bonuses

Additional compensation given to employees as an incentive or reward for their performance and contribution to the organization.

Incentive Plans

Programs designed to motivate and reward employees for achieving specific performance targets or business goals.

Demotivator

An aspect or condition that reduces motivation or enthusiasm.