Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cannot figure out what I am doing wrong, this is for the boeing company year 2019 and the retained earning is supposed to equal 50644

image text in transcribed cannot figure out what I am
doing wrong, this is for the boeing company year 2019 and the retained earning is supposed to equal 50644 but I cannot seem to get it
image text in transcribed
A S 76,559 100.0% 72,093 94.2% 4,4665.8% 0.0% 0.0% 0.0% 0.0% 76,559100.0% 14,4665.8% $ $ 4.2% Operating revenue #1 Cost of operating revenue #1 Gross profit on revenue #1 Operating revenue #2 Cost of operating revenue #2 Gross profit on revenue #2 Operating revenue #3 with no cost given Total revenue (operating #1 - #3) Blended Gross Profit for both revenue #1 & #2 Operating expenses: Selling expense (rename needed] General and administrative expense Additional operating expense Additional operating expense Additional operating expense If you have more than 6, combine the rest here Total operating expenses Net Operating Income Non-operating revenues or (expens Other non-operating revenues Other non-operating revenues Other non-operating (expense) Other non-operating (expense) Income before income taxes Income tax Net income before minority/discontinued Minority interest income - net of tax Discontinued operation - net of tax Net income and profitability percentage Net income (loss) on the 10-K Calculated (Gold) net income agrees with 10-K 0.0% (3,909) -5.1% 3,219 0.0% 0.0% 0.0% (690) -0.9% 5,1566.7% 5,156 623 0.0% 0.0% 0.0% 0.0% 6.7% $ 2.1% 4.6% $ 0.0% 0.0% 4.6% S 3,533 Earnings per common share-basic (include pennies) Your Company Thor Ind $ 566.00 0.0% 0.0% -0.9% 6.7% (690) 5,156 Additional operating expense If you have more than 6, combine the rest here Total operating expenses Net Operating Income Non-operating revenues or (expenses): Other non-operating revenues Other non-operating revenues Other non-operating (expense) 5 Other non-operating (expense) 6 Income before income taxes 7 Income tax 8 Net income before minority/discontinued -9 Minority interest income - net of tax Discontinued operation - net of tax Net income and profitability percentage 52 Net income (loss) on the 10-K Calculated (Gold) net income agrees with 10-K 5,156 1,623 3,533 0.0% 0.0% 0.0% 0.0% 6.7% 2.1% 4.6% 0.0% 0.096 4.6% S 3,533 $ No 566.00 565 55 Earnings per common share - basic (include pennies) 56 Basic outstanding shares used to compute EPS 57 Common Dividends per Share, if any (include pennies) 58 Retained Earnings Information as of yearend: $ (1.12) + 12/31/2019 $ 98,103 3,533 (636) 60 Beginning Retained Earnings (Hint start with the oldest ye] 61 Add: Net income /(loss) 62 Net earning loss) 63 Other increase / (decrease) 64 Other increase / (decrease) 65 Sub-total Cash Common dividends, if any Center as negative] Ending Retained Earnings calculated 68 Ending Retained Earnings on 10-K (33) 100,967 (4,628) 96,339 50,644 $ Your Company Thor Ind Ready A S 76,559 100.0% 72,093 94.2% 4,4665.8% 0.0% 0.0% 0.0% 0.0% 76,559100.0% 14,4665.8% $ $ 4.2% Operating revenue #1 Cost of operating revenue #1 Gross profit on revenue #1 Operating revenue #2 Cost of operating revenue #2 Gross profit on revenue #2 Operating revenue #3 with no cost given Total revenue (operating #1 - #3) Blended Gross Profit for both revenue #1 & #2 Operating expenses: Selling expense (rename needed] General and administrative expense Additional operating expense Additional operating expense Additional operating expense If you have more than 6, combine the rest here Total operating expenses Net Operating Income Non-operating revenues or (expens Other non-operating revenues Other non-operating revenues Other non-operating (expense) Other non-operating (expense) Income before income taxes Income tax Net income before minority/discontinued Minority interest income - net of tax Discontinued operation - net of tax Net income and profitability percentage Net income (loss) on the 10-K Calculated (Gold) net income agrees with 10-K 0.0% (3,909) -5.1% 3,219 0.0% 0.0% 0.0% (690) -0.9% 5,1566.7% 5,156 623 0.0% 0.0% 0.0% 0.0% 6.7% $ 2.1% 4.6% $ 0.0% 0.0% 4.6% S 3,533 Earnings per common share-basic (include pennies) Your Company Thor Ind $ 566.00 0.0% 0.0% -0.9% 6.7% (690) 5,156 Additional operating expense If you have more than 6, combine the rest here Total operating expenses Net Operating Income Non-operating revenues or (expenses): Other non-operating revenues Other non-operating revenues Other non-operating (expense) 5 Other non-operating (expense) 6 Income before income taxes 7 Income tax 8 Net income before minority/discontinued -9 Minority interest income - net of tax Discontinued operation - net of tax Net income and profitability percentage 52 Net income (loss) on the 10-K Calculated (Gold) net income agrees with 10-K 5,156 1,623 3,533 0.0% 0.0% 0.0% 0.0% 6.7% 2.1% 4.6% 0.0% 0.096 4.6% S 3,533 $ No 566.00 565 55 Earnings per common share - basic (include pennies) 56 Basic outstanding shares used to compute EPS 57 Common Dividends per Share, if any (include pennies) 58 Retained Earnings Information as of yearend: $ (1.12) + 12/31/2019 $ 98,103 3,533 (636) 60 Beginning Retained Earnings (Hint start with the oldest ye] 61 Add: Net income /(loss) 62 Net earning loss) 63 Other increase / (decrease) 64 Other increase / (decrease) 65 Sub-total Cash Common dividends, if any Center as negative] Ending Retained Earnings calculated 68 Ending Retained Earnings on 10-K (33) 100,967 (4,628) 96,339 50,644 $ Your Company Thor Ind Ready

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Calculate IRR.

Answered: 1 week ago

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago