This is a start-up costs sheet for a movie theater. Please conduct an income statement for this.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Land and Building development costs
700,000
Additional development costs
50,000
Equipment/TV Screens
1,500,000
Safes
1,600
Electronic cash register/retail technology system
13,000
Computer hardware and software
15,000
Licenses, Permits, Fees, and Deposits
8,000
Uniforms/Shirts/Pants/Jackets/Shorts/Hats/Nametags
2,000
Insurance
10,000
Training courses
1,000
SBA Loan/Personal Loan/Investors/PPP Loan
2,323,600
Food Vendors
11,000
Marketing and Promotion Costs
12,000
This is a start-up costs sheet for a movie
theater. Please conduct an income
statement for this.
Transcribed Image Text:Land and Building development costs 700,000 Additional development costs 50,000 Equipment/TV Screens 1,500,000 Safes 1,600 Electronic cash register/retail technology system 13,000 Computer hardware and software 15,000 Licenses, Permits, Fees, and Deposits 8,000 Uniforms/Shirts/Pants/Jackets/Shorts/Hats/Nametags 2,000 Insurance 10,000 Training courses 1,000 SBA Loan/Personal Loan/Investors/PPP Loan 2,323,600 Food Vendors 11,000 Marketing and Promotion Costs 12,000 This is a start-up costs sheet for a movie theater. Please conduct an income statement for this.
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