The accountant of weatherspoon shoe co. has compiled the following information from the company's records as a basis for an income statement for the year ended december 31, 2010.
rental revenue $29,000
interest expense 18,000
market appreciation on land above cost 31,000
wages and salaries-sales 114,800
materials and supplies-sales 17,600
income tax 30,600
wages and salaries-administrative 135,900
other administrative expenses 51,700
cost of goods sold 516,000
net sales 980,000
depreciation on plant assets (70% selling, 30% administrative) 65,000
dividends declared 16,000
there were 20,000 shares of common stock outstanding during the year.
prepare a multiple-step income statement. (round earnings per share to 2 decimal places, e. g. 5.25. for multiple entries list from largest to smallest amounts, e. g. 10, 5, 1. enter all amounts as positive amounts and subtract where necessary.)
Answers: 3
Business, 22.06.2019 06:00, Tayj91
Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.
Answers: 2
Business, 22.06.2019 11:30, iBrain
4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer
Answers: 2
Business, 22.06.2019 18:00, flowergirly34
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
The accountant of weatherspoon shoe co. has compiled the following information from the company's re...
Arts, 03.07.2019 10:30
History, 03.07.2019 10:30
Health, 03.07.2019 10:30
Chemistry, 03.07.2019 10:30