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I need the following problems completed corrrectly Exercise 4-6 The following balances were taken from the books of Maria Conchita Alonzo Corp. on December 31,
I need the following problems completed corrrectly
Exercise 4-6 The following balances were taken from the books of Maria Conchita Alonzo Corp. on December 31, 2014. Interest revenue $96,200 Accumulated depreciationbuildings $38,200 61,200 Notes receivable 165,200 1,390,200 Selling expenses 204,200 Accounts payable 180,200 Bonds payable 110,200 Administrative and general expenses 107,200 Cash Sales revenue Accounts receivable 160,200 Prepaid insurance 30,200 Sales returns and allowances 160,200 Allowance for doubtful accounts 17,200 Accrued liabilities Sales discounts 55,200 Interest expense 42,200 70,200 Land 110,200 Notes payable 110,200 Equipment 210,200 Loss from earthquake damage (extraordinary item) 160,200 Buildings 150,200 Common stock 510,200 Cost of goods sold 631,200 Retained earnings Accumulated depreciationequipment 31,200 50,200 Assume the total effective tax rate on all items is 34%. Prepare a multiple-step income statement; 100,400 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) Exercise 4-8 (Part Level Submission) Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014. Cash $52,300 Administrative expenses 100,100 Selling expenses 83,000 Net sales 553,700 Cost of goods sold 261,900 Cash dividends declared (2014) 22,100 Cash dividends paid (2014) 19,200 Discontinued operations (loss before income taxes) 40,600 Depreciation expense, not recorded in 2013 30,100 Retained earnings, December 31, 2013 97,600 Effective tax rate 30% Don't show me this message again for the assignment (a) Compute net income for 2014. Net income $ Don't show me this message again for the assignment Link to Text Attempts: 0 of 3 used Save for later Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Exercise 4-13 At December 31, 2013, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,240 shares $10,824,000 Common stock, $5 par, 4,088,600 shares 20,443,000 During 2014, Shiga Naoya did not issue any additional common stock. The following also occurred during 2014. Income from continuing operations before taxes $23,835,000 Discontinued operations (loss before taxes) $3,341,000 Preferred dividends declared $1,082,400 Common dividends declared $2,482,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2014 income statement of Shiga Naoya Corporation. (Round answers to 2 decimal places, e.g. 1.48. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Earnings Per Share Exercise 4-14 (Part Level Submission) Tim Mattke Company began operations in 2012 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2014, in accordance with other companies in its industry, Mattke changed its inventory pricing to FIFO. The pretax income data is reported below. Year 2012 Weighted-Average $390,400 FIFO $414,800 2013 395,700 433,100 2014 419,100 469,200 Don't show me this message again for the assignment (a) What is Mattke's net income in 2014? Assume a 35% tax rate in all years. $ Net Income Don't show me this message again for the assignment Link to Text Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) Save for later Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. Problem 4-1 (Part Level Submission) The following information is related to Dickinson Company for 2014. Retained earnings balance, January 1, 2014 $985,900 Sales Revenue 26,256,000 Cost of goods sold 16,150,000 Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2014 74,300 4,777,000 830,700 1,325,000 Gain on the sale of investments (normal recurring) 117,000 Loss due to flood damageextraordinary item (net of tax) 398,900 Loss on the disposition of the wholesale division (net of tax) 444,500 Loss on operations of the wholesale division (net of tax) 94,300 Dividends declared on common stock 254,800 Dividends declared on preferred stock 90,900 Dickinson Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2014, there were 499,600 shares of common stock outstanding all year. Don't show me this message again for the assignment (a1) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.)Step by Step Solution
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