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Check if the answer is wrong or correct. Check all accounts and numbers. https:j/edugen.wileyplus.com/edugen/ttl/main.uni US Intermediate Accounting, 11th Edition, WIIeyPLUS Custom Course VI + Ch22
Check if the answer is wrong or correct. Check all accounts and numbers.
https:j/edugen.wileyplus.com/edugen/ttl/main.uni US Intermediate Accounting, 11th Edition, WIIeyPLUS Custom Course VI + Ch22 Help I System Announcements $t-att The: 12:56 PH 71 min. PRINTER VERSION i BACK Problem 4-3 Informaton for 2017 follows for Ayayai Corp.: Retained eamings, January 1, 2017 Sales revenue Cost of goods sold Interest income Selling and administrative expenses Unrealized gain on FV-OCI investments Loss on impairment of goodwill (not tax-deductible) Income tax on continuing operations for 2017 (assume this is correct) Assessment for additional income tax for 2015 (normal, recurring) Gain on sale of FV-NI investments (normal, recurring) Lossother (due to flood damage) Loss from disposal of discontinued division (net of tax of $87,133) Loss from operation of discontinued division (net of tax of $57,000) Dividends declared on common shares Dividends declared on preferred shares 158,000 277,000 538,000 790,750 429,000 102,000 395,000 261,400 171,000 214,500 59,000 Ayayai decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September IS, it sold the wholesale division to Dylane Corp. During 2017, there were 800,000 common shares outstanding all year. Ayayaits tax rate is 25% on operating income and all gains and losses (use this rate where the tax provisions are not given). Ayayai prepares financial statements in accordance with IFRS. Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS. (Round EPS answers to 2 decima/ places, e.g. 52.750 AyayaE Corp. Statement of Comprehensive Income For the Year Ended December 31, 2017 Sales Revenue Cost of Goods Sold V Highlight All Match Case Match Diacritics Whole Words 'I ofl match MacBook Air
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