Homework Answers
| RIVERBED CORP | |
| Comprehensive Income Statement | |
| For the Year Ended December 31, 2017 | |
| Net income/ (Loss) | 125,090 |
| Other Comprehensive Income/ (Loss) | 3,500 |
| Comprehensive Income/( loss) | 128,590 |
Other Comprehensive Income/ (Loss) = 5000-(5000*30%) = 3500
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The following information is available for Riverbed Corp. for the year ended December 31, 2017: Other...
The following information is available for Blue Spruce Corp. for the year ended December 31, 2017:...
The following information is available for Blue Spruce Corp. for
the year ended December 31, 2017:
Other revenues and gains
$12,000
Sales revenue
$603,000
Other expenses and losses
14,000
Operating expenses
203,300
Cost of goods sold
233,900
Sales returns and allowances
40,000
Other comprehensive income
5,900
We were unable to transcribe this imageBLUE SPRUCE CORP. Income Statement For the Year Ended December 31, 2017 - A We were unable to transcribe this image
The following information is available for Martinez Corp. for the year ended December 31, 2017: Other revenues and gain...
The following information is available for Martinez Corp. for the year ended December 31, 2017: Other revenues and gains $9,100 Sales revenue $653,800 Other expenses and losses 15,300 Operating expenses 242,800 Cost of goods sold 245,500 Sales returns and allowances 40,000 Other comprehensive income 5,600 Prepare a multiple-step income statement for Martinez Corp. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income. (Enter negative amounts using either a...
The following information is available for Windsor, Inc. for the year ended December 31, 2022: Other...
The following information is available for Windsor, Inc. for the year ended December 31, 2022: Other revenues and gains $10,700 Sales revenue $672,400 Other expenses and losses 13,000 Operating expenses 244,800 Cost of goods sold 251,500 Sales returns and allowances 40,000 Other comprehensive income 5,500 Prepare a multiple-step income statement for Windsor, Inc. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income. Windsor, Inc. Income Statement For the...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other revenues and gains $20,800 Other expenses and losses 2,800 Cost of goods sold 276,000 Sales discounts 2,800 Sales revenue 743,000 Operating expenses 206,000 Sales returns and allowances 8,200 Prepare a multiple-step income statement for Marin Corp. The company has a tax rate of 25%. MARIN CORP. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue Less 743000 Sales Returns and Allowances...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other revenues and gains $20,800 Other expenses and losses 2,800 Cost of goods sold 276,000 Sales discounts 2.800 Sales revenue 743,000 Operating expenses 206,000 Sales returns and allowances 8,200 Prepare a multiple-step income statement for Marin Corp. The company has a tax rate of 25%. MARIN CORP. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue Less 743000 Sales Returns and Allowances...
The following information is available for Kingbird Corp for the year ended Dec 31, 2022. Other...
The following information is available for Kingbird Corp for the
year ended Dec 31, 2022. Other revenue and gains: $20600; Other
expenses and losses: 2,400; Cost of Goods Sold 276000; Sales
Discounts 2,6000; Sales Revenue 742000; Operating Expenses 206,000;
Sales Returns and allowances 8000
Prepare a multiple step income statement for Kingbird Corp.
Company has a tax rate of 25%.
KINGBIRD CORP. Income Statement For the Year Ended December 31, 2022 Net Sales Sales Revenue 742000 Less Sales Discounts 2600...
the fallowing information is available for Berlin crop. for the year ended December 21,2019 Do It!...
the fallowing information is available for Berlin crop. for
the year ended December 21,2019
Do It! Review 5-5 The following information is available for Berlin Corp. for the year ended December 31, 2019: Other revenues and gains $12,700 Sales revenue Other expenses and losses 13,300 Operating expenses Cost of goods sold Other comprehensive income 5,400 $592,000 186,000 156,000 Sales returns and allowances 40,000 Prepare a multiple-step income statement for Berlin Corp. (If there is a net loss then enter t...
The following is information for Martinez Corp. for the year ended December 31, 2017: Net sales...
The following is information for Martinez Corp. for the year ended December 31, 2017: Net sales revenue $1,380,000 Loss on inventory due to decline in net realizable value (NRV) $84,000 Unrealized gain on FV-OCI investments 40,000 Loss on sale of equipment 40,000 Interest income 8,000 Depreciation expense related to buildings omitted by mistake in 2016 53,000 Cost of goods sold 828,000 Retained earnings at December 31, 2016 900,000 Selling expenses 69,000 Loss—other (due to expropriation of land) 63,000 Administrative expenses...
The following is information for Martinez Corp. for the year ended December 31, 2017: Net sales...
The following is information for Martinez Corp. for the year ended December 31, 2017: Net sales revenue $1,380,000 Loss on inventory due to decline in net realizable value (NRV) $84,000 Unrealized gain on FV-OCI investments 40,000 Loss on sale of equipment 40,000 Interest income 8,000 Depreciation expense related to buildings omitted by mistake in 2016 53,000 Cost of goods sold 828,000 Retained earnings at December 31, 2016 900,000 Selling expenses 69,000 Loss—other (due to expropriation of land) 63,000 Administrative expenses...
In its income statement for the year ended December 31, 2017, Larkspur, Inc. reported the following...
In its income statement for the year ended December 31, 2017, Larkspur, Inc. reported the following condensed data. Operating expenses 551,000 Interest revenue Cost of goods sold954,560 Loss on disposal of plant assets Interest expense Income tax expense 35,720 Other comprehensive income (net of $910 tax) $25,080 12,920 1,672,000 6,310 53,200 Net sales Your answer is partially correct. Prepare an income statement. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2017 Net Sales 1,672,000 Cost of Goods Sold...
The following information is available for Blue Spruce Corp. for
the year ended December 31, 2017:
Other revenues and gains
$12,000
Sales revenue
$603,000
Other expenses and losses
14,000
Operating expenses
203,300
Cost of goods sold
233,900
Sales returns and allowances
40,000
Other comprehensive income
5,900
We were unable to transcribe this imageBLUE SPRUCE CORP. Income Statement For the Year Ended December 31, 2017 - A We were unable to transcribe this image
The following information is available for Martinez Corp. for the year ended December 31, 2017: Other revenues and gains $9,100 Sales revenue $653,800 Other expenses and losses 15,300 Operating expenses 242,800 Cost of goods sold 245,500 Sales returns and allowances 40,000 Other comprehensive income 5,600 Prepare a multiple-step income statement for Martinez Corp. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income. (Enter negative amounts using either a...
The following information is available for Windsor, Inc. for the year ended December 31, 2022: Other revenues and gains $10,700 Sales revenue $672,400 Other expenses and losses 13,000 Operating expenses 244,800 Cost of goods sold 251,500 Sales returns and allowances 40,000 Other comprehensive income 5,500 Prepare a multiple-step income statement for Windsor, Inc. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income. Windsor, Inc. Income Statement For the...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other revenues and gains $20,800 Other expenses and losses 2,800 Cost of goods sold 276,000 Sales discounts 2,800 Sales revenue 743,000 Operating expenses 206,000 Sales returns and allowances 8,200 Prepare a multiple-step income statement for Marin Corp. The company has a tax rate of 25%. MARIN CORP. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue Less 743000 Sales Returns and Allowances...
The following information is available for Marin Corp. for the year ended December 31, 2022. Other revenues and gains $20,800 Other expenses and losses 2,800 Cost of goods sold 276,000 Sales discounts 2.800 Sales revenue 743,000 Operating expenses 206,000 Sales returns and allowances 8,200 Prepare a multiple-step income statement for Marin Corp. The company has a tax rate of 25%. MARIN CORP. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue Less 743000 Sales Returns and Allowances...
The following information is available for Kingbird Corp for the
year ended Dec 31, 2022. Other revenue and gains: $20600; Other
expenses and losses: 2,400; Cost of Goods Sold 276000; Sales
Discounts 2,6000; Sales Revenue 742000; Operating Expenses 206,000;
Sales Returns and allowances 8000
Prepare a multiple step income statement for Kingbird Corp.
Company has a tax rate of 25%.
KINGBIRD CORP. Income Statement For the Year Ended December 31, 2022 Net Sales Sales Revenue 742000 Less Sales Discounts 2600...
the fallowing information is available for Berlin crop. for
the year ended December 21,2019
Do It! Review 5-5 The following information is available for Berlin Corp. for the year ended December 31, 2019: Other revenues and gains $12,700 Sales revenue Other expenses and losses 13,300 Operating expenses Cost of goods sold Other comprehensive income 5,400 $592,000 186,000 156,000 Sales returns and allowances 40,000 Prepare a multiple-step income statement for Berlin Corp. (If there is a net loss then enter t...
In its income statement for the year ended December 31, 2017, Larkspur, Inc. reported the following condensed data. Operating expenses 551,000 Interest revenue Cost of goods sold954,560 Loss on disposal of plant assets Interest expense Income tax expense 35,720 Other comprehensive income (net of $910 tax) $25,080 12,920 1,672,000 6,310 53,200 Net sales Your answer is partially correct. Prepare an income statement. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2017 Net Sales 1,672,000 Cost of Goods Sold...
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