FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sales revenue 700,000 COGS 330,000 Selling and Admin 100,000 Dividends declared paid 8,000 depreciation ex 18,000 interest revenue 7,000 Gain on discontinued operation 15,000 All

sales revenue 700,000
COGS 330,000
Selling and Admin 100,000
Dividends declared paid 8,000
depreciation ex 18,000
interest revenue 7,000
Gain on discontinued operation 15,000

All amounts are before tax, assume 15% tax. what is the amount on a multi step income statement for income from operation?

-252,000

-292,000

-270,000

-277,000

-229,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

7.22 A random sample of n observations is selected from a population with standard deviation = 1. Calculate the standard error of the mean (SE) for these values of n: a. n 1 b. n = 2 c. n=4 d. n = 9...

Answered: 1 week ago

Question

★★★★★
1. Help Dave prepare this report by providing some information on the benefits of RFID Tags and GPS systems in the transportation industry. 2. Are there additional technologies that Red Ball could...

Answered: 1 week ago

Question

★★★★★
A ground water used as a drinking water supply has a p H of 7 . 0 and a concentration of dissolved arsenic, all present as A s I I I , of 1 0 0 g L , well above the drinking water standard. The first...

Answered: 1 week ago

Question

★★★★★
Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $20,000,000 of 4-year, 9% bonds, with interest payable semiannually, at a market (effective)...

Answered: 1 week ago

Question

★★★★★
You have a conference room that contains a Teams Rooms on Windows device. You need to update the background image of the device with new company branding. What should you do? Select only one answer....

Answered: 1 week ago

Question

★★★★★
How many moving trucks, professional movers, and moving cost would it take to support supporting a Sensitive Compartmented Information Facility (SCIF) move to another building? Use the following...

Answered: 1 week ago

Question

★★★★★
What is the speedup of the basic pipeline (without bypassing) shown in the Introduction slides (Tsequential / Tpipelined) if 1/5 of all instructions contain a data dependence? Can you give a general...

Answered: 1 week ago

Question

★★★★★
Write a one hundred and fifty word response about which resource(s) you found to be most useful in terms of not only researching the different types of networks that exist, but which might be best...

Answered: 1 week ago

Question

★★★★★
Person is a named tuple with fields: first_name, last_name, and age. Variable person_data is a Person object created with two strings and one integer read from input as attributes. Output the...

Answered: 1 week ago

Previous Question Next Question