Only need the values of income from operations of discontinued component, Income tax expense, income from continuing operations and income on discontinued operations. Thanks
Discontinued Operation | ||
Income from operations of discontinued component (380-250) | $ 1,300.00 | |
Income tax expense 1300*25% | $ 325.00 | |
Income on discontinued operations | $ 975.00 | |
Net Income | $ 6,000.00 | |
Earnings per share: | ||
Income on Continuing operations =Income from Continued operation/ no of Shares | 8.38 | |
Income on discontinued operations==Income from Discontinued operation/ no of Shares | 1.63 | |
Net Income | 10.00 |
Only need the values of income from operations of discontinued component, Income tax expense, income from...
Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (LO4-1, 4-3, 4-4, 4-5) Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue $ 28,000 Interest 300 revenue Interest 500 expense Cost of goods sold Selling and administrative expense Restructuring costs $ 15,500 3,500 1,800 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.6 million and...
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (L04-1, 4-3, 4-4, 4-5) Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 32,000 380 580 Cost of goods sold Selling and administrative expense Restructuring costs $ 17,500 3,900 2,200 In addition, during the year...
Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 22,000 180 380 Cost of goods sold Selling and administrative expense Restructuring costs $ 12,500 2,900 1,200 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2 million and...
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue $ 31,000 Cost of goods sold $ 17,000 Interest revenue 360 Selling and administrative expense 3,800 Interest expense 560 Restructuring costs 2,100 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.9 million and a gain on disposal of the component’s assets of $4.6 million. 600,000 shares...
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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $30,000 cost of goods sold 340 Selling and administrative expense 540 Restructuring costs $ 16,500 3,700 2,000 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.8 million and a gain on disposal of the component's assets of $4.4 million. 600,000 shares of...
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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $26,000 cost of goods sold 260 Selling and administrative expense 460 Restructuring costs $14,500 3,300 1,600 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.4 million and a gain on disposal of the component's assets of $3.6 million. 600,000 shares of common...
P 4-6 Income statement presentation; discontinued operations; EPS LO4-1, LO4-3, LO4-4, L04-5 Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): $18,000 Sales revenue Interest revenue 100 Interest expense 300 Cost of goods sold 10,500 Selling and administrative expense 2,500 800 Restructuring costs Page 221 In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $1.6 million and a...
Problem 4-1 The following is a partial trial balance for Apex Computer Corporation as of December 31, 2016: Apex Computer Corporation Partial Trial Balance December 31, 2016 Account Title Debits Credits Sales Revenue 3,400,000 Interest Revenue 35,000 Gain on sale of investments 30,000 Cost of goods sold 2,250,000 Restructuring costs 400,000 Administrative expense 450,000 Selling expense 150,000 Interest expense 20,000 500,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been accrued. The income tax...