Presented below are condensed data from the financial statements of Gallo Factory for 2014 and 2013.The figures are expressed in thousands.Use this information to answer the questions that follow.
Required: Was Gallo Factory profitable both years? What are the amounts of the total revenues and total expenses,respectively,for 2014? Which financial statement provides this information to you?
Definitions:
Middle Age
The period in a person's life, often defined as between 45 to 65 years old, characterized by adjustments to aging and preparing for later life.
Pillar Of Strength
A metaphorical term for a remarkably supportive or emotionally strong person on whom others may rely during difficult times.
Comforting
Providing solace, consolation, or reassurance to someone who is distressed or in discomfort.
Distressing
Refers to causing anxiety, sorrow, or pain; upsetting.
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