Question
Your answer is partially correct.Try again. Presented below is information related to Marigold Company at December 31, 2017, the end of its first year of
Your answer is partially correct.Try again.
Presented below is information related to Marigold Company at December 31, 2017, the end of its first year of operations.
Sales revenue$299,830Cost of goods sold150,930Selling and administrative expenses48,700Gain on sale of plant assets28,880Unrealized gain on available-for-sale investments9,420Interest expense5,810Loss on discontinued operations11,900Dividends declared and paid4,780
Compute the following:
(a)Income from operations$
(b)Net income$
(c)Comprehensive income$
(d)Retained earnings balance at December 31, 2017
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