In its income statement for the year ended december 31, 2017, darren company reported the following condensed data. salaries and wages expense $465,000 loss on disposal of plant assets $ 83,500 cost of goods sold 987,000 sales revenue 2,210,000 interest expense 71,000 income tax expense 25,000 interest revenue 65,000 sales discounts 160,000 depreciation expense 310,000 utilities expense 110,000 instructions (a) prepare a multiple‐step income statement. (b) calculate the profit margin and gross profit rate. (c) in 2016, darren had a profit margin of 5%. is the decline in 2017 a cause for concern? (ignore income tax effects.)

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit