Prepare an income statement and a statement of owner's equity for the month ended September 30, 2010 from the T-accounts below of Carson Company.
Definitions:
Logistics
The organization of tracking, moving, storing, and delivering cargo in a trucking operation.
ASE Certification
A certification granted by the National Institute for Automotive Service Excellence to individuals who demonstrate knowledge and proficiency in automotive repair and service.
Transit Bus Technicians
Skilled professionals responsible for the maintenance and repair of buses used in public transportation.
Net Present Value
A method used in capital budgeting to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.
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