FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year...

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

Depreciation Expense	$2,611
Fuel Expense	3,720
Maintenance and Repairs Expense	2,099
Other Expense (Revenue) Net	9,121
Provision for Income Taxes	577
Purchased Transportation	8,483
Rentals and Landing Fees	2,682
Revenues	47,453
Salaries and Employee Benefits	17,110

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Expert Solution

Answer
Income statement :

Revenue		$ 47,453
Expense
Depreciation expense	$ 2,611
Fuel expense	$ 3,720
Maintenance and repairs expense	$ 2,099
Purchase transportation	$ 8,483
Rental and landing fees	$ 2,682
Salaries and employee benefits	$ 17,110
Other expense	$ 9,121
Provision for income tax	$ 577
Total expense		$ 46,403
Net income		$ 1,050

ekkarill92 answered 1 year ago

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