Question
I need help with this question ASAP. Thanks A preliminary 2016 income statement of Alexian Systems is presented below: Alexian Systems Income Statement For the
I need help with this question ASAP. Thanks
A preliminary 2016 income statement of Alexian Systems is presented below:
Alexian Systems
Income Statement
For the period ending, December 31 ,2016
(in $milliions)
Revenues and Gains:
Sales$425
Interest Revenue3
Gain on Sale of Investment6
Expenses
Cost of Goods Sold270
Salaries Expense50
Depreciation Expense25
Warranty Expense30
RestructuringCosts10
Advertising Expense23
Additional information:
Tax Rate is 40%
Cost of Goods Sold includes a $ 1 milliion dollar write down of inventory, that was material
There were 20 million shares of common stock outstandingthroughout the year.
I need to Prepare a revised multi Step Income statement, reflecting the additional facts, in good form, with all required footnote disclosures
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