Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 18

Preparing an Income Statement
The following accounts are taken from the December 31, 2010, financial statements of Time Warner, Inc. (Amounts are in millions.)

Required :
Prepare an Income Statement for the year ended December 31, 2010.
TIP : Some of the above accounts are not reported on the income statement.
TIP : List expenses in order of size except for income taxes, which should be listed last.