The guidance of the income assertion for the 12 months ended December 31 is $22,000.
income $94,000
value of products bought
Beginning end items inventory $20,000
add: a fee of goods synthetic $ forty-one,000
a fee of goods available for sale $ sixty-one,000
less: ending end goods inventory -$17,000
price of goods sold $ forty-four,000
Gross margin $50,000
much less: running expenses
popular and advertising expenses $15,000
general running fees $28,000
working earnings of $22,000
extra approximately the earnings statement right.
Monetary statement assertions are an employer's reputable announcement that the figures the agency is reporting are accurate. Assertions are made to attest to the authenticity of facts on balance sheets, profits statements, and cash flow statements.
Learn more about income assertion here:
brainly.com/question/14727142
#SPJ4
