Question
Goose enterprise Company reported the following items on its financial statements for the year ending December 31, 2015: Sales $ 560,000 Cost of goods sold
Goose enterprise Company reported the following items on its financial statements for the year ending December 31, 2015:
| Sales | $ 560,000 | Cost of goods sold | $400,000 |
| Salary expense | 40,000 | Interest expense | 30,000 |
| Dividends | 20,000 | Income tax expense | 25,000 |
Required: What is the net income for the company?
How are the dividends reported?
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Warren Buffett Accounting Book Reading Financial Statements For Value Investing
Authors: Stig Brodersen, Preston Pysh
1st Edition
1939370159, 9781939370150
