Income Statement Computations Following are the operating data for an advertising firm for the year ended December 31, 2009 For 2009, determine 1 Income before taxes 2 Income taxes 3 Net income 4 Earnings per share (EPS), assuming there are 15,000 shares of stock outstanding Revenues Supplies expen...

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Income Statement Computations Following are the operating data for an advertising firm for the year ended December

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Income Statement Computations Following are the operating data for an advertising firm for the year ended December 31, 2009.

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For 2009, determine:
1. Income before taxes.
2. Income taxes.
3. Net income.
4. Earnings per share (EPS), assuming there are 15,000 shares of stock outstanding.

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Accounting Concepts And Applications

ISBN: 9780324376159

10th Edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain

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Income Statement Computations Following are the operating data for an advertising firm for the year ended December

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Revenues.. Supplies expense $175,000 45,000 Salaries expense 70,000 Rent expense 1,500 Administrative expense. 6,000 Income taxes (30% of income before taxes) ?

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Accounting Concepts And Applications

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