View Policies Current Attempt in Progress Presented below is information related to Wildhorse Ltd. for the year 2022 (amounts in thousands). Prepare an income statement for 2022 . Assume that 65,000 ordinary shares are outstanding. (Round earnings per share to 2 decimal places, eg. 1.49.) Question 13 of 13 11 WILDHORSE LTD. Income Statement HKS eTextbobok and Media List of Accounts Prepare a retained earnings statement for 2022. (List items that increase adjusted retained earninos fret 1 Blue NV has recorded bad debt expense in the past at a rate of 1.50% of accounts receivables. In 2022 , Blue decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been 463,600 instead of 347,700. In 2022, bad debt expense will be 219,600 instead of 109,800. If Blue's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? The cumulative effect of changing the estimated bad debt rate Current Attempt in Progress Presented below are certain account balaness of Coronado Products Co. From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) dividends declared during tl (a) Total net revenue (b) Net income (c) Dividends declared during the current year $ Current Attempt in Progress The following information is provided. In 2022, Vaughn Corporation reported net income of $1,054,300. It declared and paid preference dividends of $275,800. During 2022. Vaughn had a weighted average of 207,600 ordinary shares outstanding. Compute Vaughn's 2022 earnings per share. (Round eornings per share to 2 decimal places, es 1.48.) Vaughn's 2022 carnings per share $ Current Attempt in Progress The following are changes in all account balances of Blue Furniture during the current year, except for retained earnings. Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of 34,560 which was paid in the current year. Net income Show Attempt History Current Attempt in Progress Your answer is partially correct. The following financial information is related to Concord Group, a service company. Compute the following: (Enter negative answers using either a negative sign preceding the number eg. 5,125 or parentheses es. (5,125) ) (a) Other income and expense Compute the following: (Enter negative answers using either a negative sign preceding the number eg. 5,125 or parentheses eg. (5, 125).) Coronado Corporation had net sales of $2,448,000 and interest revenue of $31,620 during 2022. Expenses for 2022 were cost of goods sold $1,479,000, administrative expenses $216,240, selling expenses $285,600, and interest expense $45,900. Coronado's tax rate is 30%. The company had 100.000 shares authorized and 70.000 shares issued and outstanding during 2022 . Prepare an income statement for the year ended December 31, 2022. (Round earnings per share to 2 decimal places, es. 1.48.) At December 31.2021, Sheridan SE had the following shares cutstanding. During 2022, Sheridan did not issue any additional shares. The following also occurred daring 2022. Compute earnings per share data as it should appear in the 2022 income statement of Sheridan SE. (Round answers to 2 decimal places, eg 1.48.)
