In: Accounting
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 |
Answer | ||
Income statement : |
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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 | |