Question
A company has the following information for 2022. All amounts are pre-tax except loss on AFS debt securities. The company has a 30 percent effective
A company has the following information for 2022. All amounts are pre-tax except loss on AFS debt securities. The company has a 30 percent effective tax rate. In addition dividends paid on common stock for the year totaled $20,000; dividends paid on preferred stock totaled $10,300 and the number of shares of stock outstanding all year was 100,000.
Net sales | 1,300,000 |
Cost of goods sold | 800,000 |
Selling expenses | 60,000 |
Administrative expenses | 48,000 |
Dividend revenue | 20,000 |
Interest revenue | 7,000 |
Loss from write-off of obsolete inventory | 80,000 |
Casualty loss | 50,000 |
Loss on Discontinued Segment (pre-tax) | 60,000 |
Unrealized loss from AFS debt securities (after tax) | 5,000 |
Answer the following by filling in the blanks
Format guidance: Enter whole number only. Do not enter dollar sign, comma, or decimal point.
Example: 0 or 817 or 3468
Income from Operations: ______ Income from Continuing Operations: _______ Net Income: ________ EPS Income from Continuing Operations: ______ EPS from Discontinued Operations: ________ EPS Net Income: _______ Comprehensive Income: ________
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