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The following income statement items appeared on the adjusted trial balance of XYZ Corporation for the year ended December 3 1 , 2 0 2
The following income statement items appeared on the adjusted trial balance of XYZ Corporation for the year ended December $ in s: sales revenue $interest revenue $; cost of goods sold, $ selling expense, general and administrative expense, ; interest expense, $ Income taxes have not yet been accrued. The company's income tax rate is on all items of income or loss. These revenue and expense items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during S in s All transactions are material in amount. Investments were sold during the year at a loss of $XYZ also had an unrealized gain of $ for the year on investments. The unrealized gain represents a increase in the fair value of debt securities and is classified as part of other comprehensive income. One of the company's factories was closed during the year. Restructuring costs incurred were $ During the year, XYZ completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP regarding discontinued operations. The division had incurred operating income of $ in prior to the sale, and its assets were sold at a gain of $ A positive foreign currency translation adjustment for the year totaled $ COGS in included an increase of million to correct an understatement of cogs sold in of common stock were outstanding as of The following additional issuances of shares occurred during : a issued shares Required: Based on the all of the information provided, answer the following questions as they would appear in a single, continuous multiplestep statement of comprehensive income for Round all numbers excepts earnings per share to whole numbers. each points I Select and copy sections below to answer in the space provided Gross profit Total operating expenses Operating income Total other revenuelexpense Income before Tax Income tax expense Income from continuing operations IFCO Discontinued operations Net income Other comprehensive income Comprehensive go income Earnings per share IFCO only weighted average common shares outstanding
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