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21 14 of 41 Seved [The following information applies to the questions displayed below] Selected account balances from the adjusted trial balance for Olinda
21 14 of 41 Seved [The following information applies to the questions displayed below] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit Credit a. Interest revenue. b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit $ 15,700 $ 35,700 27,550 45,700 108,100 73,300 45,700 eBook h. Accumulated depreciation-Buildings 177,900 Print i. Loss from operating a discontinued segment (pretax) 1. Gain on insurance recovery of tornado damage 19,950 30,820 k. Net sales 1,015,500 ferences 1. Depreciation expense-Buildings 53,700 a. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 17,700 42,500 o. Loss from settlement of lawsuit 25,450 p. Income tax expense q. Cost of goods sold " 2 499,500 4. What is the amount of net income for the year? Not income here to search 4 < Prev 82 21 of 21 Next > L C
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