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wolverine [178]
3 years ago
14

FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31:

Business
1 answer:
suter [353]3 years ago
4 0

Answer and Explanation:

The preparation of the income statement is presented below:

Revenue $26,300

Expenses:  

Depreciation expense $985  

Fuel expense $3,438

Maintenance and repairs expense $1,675

Other expense(income) net $5,319

Provision for Income taxes $857

Purchased Transportation $1,281

Rentals and Landing fees $1,862

Salaries and Employee benefits $9,387  

Net income $1,496

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