ZuoTi.Pro
Question

I need help with this Indicate the section of the multi-step income statement in which each...

I need help with this

Indicate the section of the multi-step income statement in which each of the following is show (Please number your responses):

1. Loss on inventory write down

2. Bad debt expense

3. Loss on disposal of a discontinued operation

4. Gain on the sale of machinery

5. Depreciation expense

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

*Any doubt please comment

1. Operating expenses

2. General and administrative expenses

3. Discontinued operations

4 Other gains (losses)

5. Other operating expenses , Sub group: Administrative expenses

0 0
Add a comment
Know the answer?
Add Answer to:
I need help with this Indicate the section of the multi-step income statement in which each...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Indicate the section of a multiple-step income statement in which each of the following is shown....

    Indicate the section of a multiple-step income statement in which each of the following is shown. 1. Loss on inventory write-down. 2. Loss from strike. 3. Bad debt expense. 4. Loss on disposal of a discontinued operation. 5. Gain on sale of machinery. 6. Interest revenue. 7. depreciation expense 8. Material write-offs of notes receivable.

  • In its proposed 2017 income statement, Hrabik Corporation reports income before income taxes $504,000, income taxes $176...

    In its proposed 2017 income statement, Hrabik Corporation reports income before income taxes $504,000, income taxes $176,400 (not including unusual items), loss on operation of discontinued music division $55,000, gain on disposal of discontinued music division $36,000, and unrealized loss on available-for-sale securities $151,000. The income tax rate is 35%. Prepare a correct income statement, beginning with income before income taxes. Hrabik CORPORATION Statement of Comprehensive Income (Partial) Income from continuing operations 1000 TT Comprehensive income TT Unrealized gain on...

  • Question 4 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement...

    Question 4 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 11,000 Sales Revenue 583,000 What is Blanton Co's income before taxes and discontinued operations for the period? Enter your response as a whole number, no commas and no dollar sign. $45,000...

  • Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts...

    Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown: Selling Expense, 40,000 Sales Revenue 581,000 What is Blanton Co's gross profit for the period? Enter your response as a whole number, no commas and no dollar sign. $45,000 Accounts Payable Cost of Goods Sold 230,000 Gain on...

  • Question 4 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income...

    Question 4 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 16,000 Sales Revenue 599,000 What is Blanton Co's income before taxes and discontinued operations for the period? Enter your response as a whole number, no commas and no dollar sign. Accounts...

  • Shaquille Corporation has operating income of $1.15 million, a loss on write-down of inventory of $145,000, and income tax expense of $287,500 for the year ended December 31, 2018, before considering...

    Shaquille Corporation has operating income of $1.15 million, a loss on write-down of inventory of $145,000, and income tax expense of $287,500 for the year ended December 31, 2018, before considering the following item: a $220,000 gain, after tax, from the disposal of an operating segment Required Prepare the 2018 multiple step income statement for Shaquille Corporation beginning with operating income. (Enter your answer in dollars, not millions.(i.e. $5.5 million should be entered as 5,500,000).) SHAQUILLE CORPORATION Income Statement For...

  • Question 5 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income...

    Question 5 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 3,000 Sales Revenue 585,000 What is Blanton Co's net income (or net loss) for the period? Enter your response as a whole number, no commas and no dollar sign. For a...

  • Question 5 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income...

    Question 5 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 10,000 Sales Revenue 575,000 What is Blanton Co's net income (or net loss) for the period? Enter your response as a whole number, no commas and no dollar sign. For a...

  • Prepare A multi-step income statement as of Feb. 22, 2018 IENT RESOURCES Trial Balance 2/28/22 Credit...

    Prepare A multi-step income statement as of Feb. 22, 2018 IENT RESOURCES Trial Balance 2/28/22 Credit rehensive nting Cyde 11-02 (Part Submission Score Results by Study. Accounts Receivable Supplies Prepaid Insurance Prepaid Expenses Allowance for Doubtful Accounts Equipment Accumulated Depreciation-Equipment IR Accounts Payable able 2 Notes Payable 8800 Salaries and Wages Payable Interest Payable 44 Income Taxes Payable 854 TUnearned Service Revenue 459 Common Stock Paid-in Capital in Excess of Par Value-Common Sto TCash Dividends Treasury Stock Service Revenue Tutilities...

  • Question 2 (1 point) Saved Blanton is preparing their multi-step income statement and have downloaded their...

    Question 2 (1 point) Saved Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown: Selling Expense, 40,000 Sales Revenue 581,000 What is Blanton Co's gross profit for the period? Accounts Payable Cost of Goods Sold Gain on Sale of Equipment General and Admin Expense Loss from Discontinued...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT