Given the following information, prepare an income statement for
the Dental Drilling Company.
| Selling and administrative expense | $ | 76,000 | |
| Depreciation expense | 75,000 | ||
| Sales | 545,000 | ||
| Interest expense | 46,000 | ||
| Cost of goods sold | 172,000 | ||
| Taxes | 48,000 | ||
Homework Answers
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Given the following information, prepare an income statement for
the Dental Drilling Company.
Selling and...
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and administrative...
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and administrative expense Depreciation expense Sales Interest expense Cost of goods sold Taxes $ 62,000 77,000 505,000 48,000 207,000 53,000 Dental Drilling Company Income Statement 0 0 0 0
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and...
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and administrative expense $ 94,000 Depreciation expense 71,000 Sales 583,000 Interest expense 43,000 Cost of goods sold 207,000 Taxes 47,000
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and...
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and administrative expense $ 94,000 Depreciation expense 71,000 Sales 583,000 Interest expense 43,000 Cost of goods sold 207,000 Taxes 47,000
Given the following information prepare in good form an income statement for the Oil Drilling Company...
Given the following information prepare in good form an income statement for the Oil Drilling Company ($million). Selling and administrative expense................................................... $ 60,000 Depreciation expense........................................................................ 70,000 Sales................................................................................................... 470,000 Interest expense................................................................................. 40,000 Cost of goods sold............................................................................. 140,000 Taxes................................................................................................. 45,000
12.6 Pro forma income statement. Given the income statement in the popup window, € , for...
12.6
Pro forma income statement. Given the income statement in the popup window, € , for California Cement Company for 2013 and an expected sales growth rate of 7.42% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,861,000 % $ -11,691,000 % $ -4,043,000 % Cost of...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $396,120 $495,150 Work in process 713,020 673,400 Finished goods 685,290 688,260 Advertising expense $336,210 47,530 63,870 762,530 25,250 89,130 747,680 Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $382,150 $477,690 Work in process 687,870 649,660 Finished goods 661,120 663,990 Advertising expense $324,350 Depreciation expense-office equipment 45,860 Depreciation expense-factory equipment 61,620 Direct labor 735,640 Heat, light, and power-factory 24,360 Indirect labor 85,980 Materials purchased 721,310 Office salaries expense 251,740 Property taxes-factory 20,060 Property taxes-headquarters building 41,560 Rent expense-factory 33,920 Sales...
prepare the company's 2019 income statement that reports separate categories for a selling expense and a...
prepare the company's 2019 income statement that
reports separate categories for a selling expense and a general and
administrative expenses.
please help
equired information he following information applies to the questions displayed below.) he following Calendar year end information is taken from the December 31 2019, adjusted trial balance and other records fLeone Company 240, Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory Supervision Factory alles wed Factory utilities 63. $ 28,200 Direct labar 11.3 The...
2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and...
2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses ses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income Required information [The following information applies to the questions displayed below.] The...
Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales...
Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue $545,000 $460,000 Cost of goods sold 336,000 279,000 Selling expenses 105,000 99,000 Administrative expenses 70,000 64,000 Income tax expense 17,800 15,400 Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2013 Sales Revenue Cost of Goods Sold 2012 Selling Expenses Administrative Expenses Total Income before...
Given the following information, prepare an income statement for the Dental Drilling Company. Selling and administrative expense Depreciation expense Sales Interest expense Cost of goods sold Taxes $ 62,000 77,000 505,000 48,000 207,000 53,000 Dental Drilling Company Income Statement 0 0 0 0
12.6
Pro forma income statement. Given the income statement in the popup window, € , for California Cement Company for 2013 and an expected sales growth rate of 7.42% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,861,000 % $ -11,691,000 % $ -4,043,000 % Cost of...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $396,120 $495,150 Work in process 713,020 673,400 Finished goods 685,290 688,260 Advertising expense $336,210 47,530 63,870 762,530 25,250 89,130 747,680 Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory...
Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $382,150 $477,690 Work in process 687,870 649,660 Finished goods 661,120 663,990 Advertising expense $324,350 Depreciation expense-office equipment 45,860 Depreciation expense-factory equipment 61,620 Direct labor 735,640 Heat, light, and power-factory 24,360 Indirect labor 85,980 Materials purchased 721,310 Office salaries expense 251,740 Property taxes-factory 20,060 Property taxes-headquarters building 41,560 Rent expense-factory 33,920 Sales...
prepare the company's 2019 income statement that
reports separate categories for a selling expense and a general and
administrative expenses.
please help
equired information he following information applies to the questions displayed below.) he following Calendar year end information is taken from the December 31 2019, adjusted trial balance and other records fLeone Company 240, Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory Supervision Factory alles wed Factory utilities 63. $ 28,200 Direct labar 11.3 The...
2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses ses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income Required information [The following information applies to the questions displayed below.] The...
Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue $545,000 $460,000 Cost of goods sold 336,000 279,000 Selling expenses 105,000 99,000 Administrative expenses 70,000 64,000 Income tax expense 17,800 15,400 Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2013 Sales Revenue Cost of Goods Sold 2012 Selling Expenses Administrative Expenses Total Income before...
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