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Single-Step and multistep starement of income On the top one, the list on the tabs are Dividends, Expenses, Net Income/Loss, Retained Earnings, May 1,2019. Revenues,
Single-Step and multistep starement of income
JULAI 30, 2020: Sales revenue Interest revenue Utilities expense Insurance expense Cost of goods sold Distribution expenses Administration expenses Depreciation expense Interest expense Income tax expense Dividends declared-Common shares Dividends declared-Preferred shares $1.050.800 8,000 23,000 6,000 388.796 249.204 93,000 72,000 18.000 58,700 17,000 22.000 Prepare a single-step statement of income for the year ended April 30, 2020, Riddell Ltd. Statement of Income For the Month Ended April 30, 2020 Total Revenu Sales Revenue 1.050,800 LULULLS Accounts Receivable Administration Expenses Advertising Expense Architectural Activities Cash Cost of Goods Sold Depreciation Expense Distribution Expenses Dividend Revenue Engineering Expenses Financing Expenses General and Administrative Expenses Income Tax Expense Insurance Expense Interest Expense Interest Revenue Inventory No Entry Other Expenses Refund Liability Rent Expense Rent Revenue Research and Development Expenses Service Rev Prepare a multi-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income Determine Riders gross margin percentage for the year. (Round answer to 1 decimal place, s. 52.7%) Gross profit margin Textbook and Media List of Accounts If Riddell had 35,000 common shares outstanding throughout the year, determine the company's basic earnings per s o und anwer to 2 decimal places, es $2750 Basic earnings per share On the top one, the list on the tabs are Dividends, Expenses, Net Income/Loss, Retained Earnings, May 1,2019. Revenues, Total expenses, total revenues.
the Multistep one has tabs for: Gross Profit l, Net Sales, Net Income, Operating Expenses, Other revenue and expenses, Profit before tax, profit from operations, revenue, total operatingn expenses, and Retained earnings for either May1,2019 or April 30,2020. Thanks for the help!
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