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can someone please solve this two questions ASAP At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: During
can someone please solve this two questions ASAP
At the end of the prior annual reporting period, Barnard Corporation's balance sheet showed the following: During the current year, the following selected transactions (summarized) were completed: a. Sold and issued 1,700 shares of common stock at $28 cash per share (at year-end). b. Determined net income, $51,000. c. Declared and paid a cash dividend of $3 per share on the beginning shares outstanding. Required: Prepare a statement of stockholders' equity for the year ended December 31 , current year. P5-3 (Algo) Preparing a Classified (Multiple-Step) Income Statement and Interpreting the Gross Profit Percentage LO5-3 The Max, Incorporated, is a leading fashion retailer that offers customers an extensive selection of high-quality fashion brands focused on apparel, shoes, cosmetics, and accessories for women, men, young adults and children. The items reported on its income statement for an earlier year (ended February 1) are presented here (dollars in millions) in simplified form in alphabetical order: Required: a. Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). b. What is the gross profit percentage? Complete this question by entering your answers in the tabs below. Prepare a classified (muitiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). Note: Enter your answers in militions not in dollars (t.e., 10,000,000 should be entered as 10). Round "Earnings per share" to 2 decimal places. Prepare a classified (multiple-step) consolidated income statement (showing gross profit, opera before income taxes). Note: Enter your answers in millions not in dollars (i.e., 10,000,000 shou "Earninns ner share" to 2 decimal nlaces Step by Step Solution
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