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Create a December income statement dated December

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Reference no: EM132558829

Question 1 - The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of its competitors, Centar and Xenmix. However, the data Neros obtained is in a complete and is shown in the following Tableau Dashboard.

Consulting Revenue: $50,000

Rental Revenue: $10,000

Utilities Expense: $3500

Rent Expense: $4000

Insurance Expense: $3000

Salaries Expense: $6500

Advertising Expense: $3000

1. Using income statement data for Neros, create a December income statement dated December 31.

2. If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements?

3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements?

Question 2&3 -

If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements?

If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements?

Reference no: EM132558829

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