The digital revolution is causing dramatic, desired changes in industry structures

Inter-enterprise information systems are information systems that are shared by two or more independent departments within an organization

Indicate whether the statement is true or false

Cal's Lawn Care prepared the following income statement BEFORE adjustments:

Cal's Lawn Care Income Statement For the Month Ended September 30, 2011 Revenues Sales $80,000 Interest 5,000 Total revenues $85,000 Expenses Salaries 18,000 Rent 6,000 Supplies 200 Depreciation 5,000 Total expenses 29,200 Net income (loss) $55,800 Required: Determine the profit or loss AFTER adjustment given the following additional information for the month of September: a. Salaries earned but unrecorded and unpaid equals $8,000. b. Depreciation for the month should be an additional $2,000. c. Additional supplies used up equals $100. d. Unearned revenue earned equals $1,000.