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Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2025. Cash Administrative expenses Selling expenses Net sales Cost of goods sold
Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2025. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2025) Cash dividends paid (2025) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2024 Retained earnings, December 31, 2024 Effective tax rate 20% (a) Your answer is correct. Compute net income for 2025. Net income $ (b) eTextbook and Media 93280 $53,000 106,000 84,800 572,400 222,600 21,200 15,900 42,400 31,800 95,400 Attempts: 1 of 3 used Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.58.) Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2025. (a) Compute net income for 2025. Netincome s eTextbook and Media Attempts: 1 of 3u (b) Prepare a partial income statement beginning with income from continuing operations before income tax and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round eamings per share to 2 decimal ploces, es 1.58
Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2025. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2025) Cash dividends paid (2025) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2024 Retained earnings, December 31, 2024 Effective tax rate 20% (a) Your answer is correct. Compute net income for 2025. Net income $ (b) eTextbook and Media 93280 $53,000 106,000 84,800 572,400 222,600 21,200 15,900 42,400 31,800 95,400 Attempts: 1 of 3 used Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.58.)
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