Business
Business, 22.02.2021 19:10, brianmondesir1owahud

Presented below is information related to Wildhorse Corp., for the year 2020. Net sales $3,510,000
Cost of goods sold 2,160,000
Selling expenses 171,000
Administrative expenses 126,000
Dividend revenue 54,000
Interest revenue 36,000
Interest expense 81,000
Write-off of goodwill due to impairment 135,000
Depreciation expense omitted in 2018 189,000
Dividends declared 216,000
Effect on prior years of change in accounting principle (credit) 396,000
Loss from operations of discontinued component of business 432,000
Gain from disposal of component of business 540,000
Federal tax rate of 30% on all items
Prepare a multiple-step income statement for 2020. Assume the 250,000 shares of common stock were outstanding during 2020.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 08:00, connermichaela
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
image
Business, 22.06.2019 23:00, vipergod07
Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution. a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent
Answers: 3
image
Business, 23.06.2019 08:30, Dolphin56
Ryan receives an e-mail that states the internet is being cleaned up and that he should leave his computer powered-off for 24 hours after receipt of this message. after careful review of the message contents and verifying the information with the desk he realizes this is:
Answers: 2
image
Business, 23.06.2019 10:00, squawk1738
Each month hope received her bank statement listing the checks that have cleared her checking account in the month. what are these checks called? a. reconciled b. covered c. outstanding d. cancelled
Answers: 1
Do you know the correct answer?
Presented below is information related to Wildhorse Corp., for the year 2020. Net sales $3,510,000...

Questions in other subjects:

Konu
Mathematics, 21.12.2020 17:20
Konu
Mathematics, 21.12.2020 17:20