Business
Business, 30.07.2020 01:01, savannahsharp4463

Which income statement line item had the largest percentage increase from the prior year to the current year? Current Year Prior Year Sales $120,000 $100,000 Cost of Goods Sold 80,000 60,000 Depreciation Expense 30,000 20,000 Interest Expense 2,000 5,000

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 01:30, rachel2005smith
Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inv entory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a. prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price. b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1
Answers: 1
image
Business, 22.06.2019 07:30, dimondqueen511
Which two of the following are benefits of consumer programs
Answers: 1
image
Business, 22.06.2019 20:30, destinyd10189
Before the tools that have come from computational psychiatry are ready to be used in everyday practice by psychiatrics, what is needed
Answers: 1
image
Business, 23.06.2019 01:00, ayowazzzgood
Motonous corporation has completed its fiscal year and reported the following information. the company had current assets of $153,413, net fixed assets of $ 412,331, and other assets of $7,822. the firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. how much retained earnings does the firm have?
Answers: 2
Do you know the correct answer?
Which income statement line item had the largest percentage increase from the prior year to the curr...

Questions in other subjects:

Konu
Health, 01.03.2021 22:40
Konu
Mathematics, 01.03.2021 22:40
Konu
Mathematics, 01.03.2021 22:40