Prepare a multi-step income statement for 2015. Include earnings per share. (Round your earnings per share to 2 decimal places. )
Prepare a multi-step income statement for 2015. Include earnings per share. (Round your earnings per share to 2 decimal places. )
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...
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Romney’s Marketing Company has the following adjusted |
Debit | Credit | |||||||
Cash | $ | 1,660 | ||||||
Accounts receivable | 2,370 | |||||||
Interest receivable | 250 | |||||||
Prepaid insurance | 1,620 | |||||||
Notes receivable (long-term) | 2,870 | |||||||
Equipment | 16,400 | |||||||
|
$ | 2,990 | ||||||
Accounts payable | 2,300 | |||||||
Accrued expenses payable | 3,760 | |||||||
Income taxes payable | 2,580 | |||||||
Unearned rent revenue | 440 | |||||||
Common Stock (830 shares) | 83 | |||||||
Additional paid-in capital | 3,467 | |||||||
|
4,860 | |||||||
Sales revenue | 37,250 | |||||||
Interest revenue | 190 | |||||||
Rent revenue | 610 | |||||||
Wages expense | 18,100 | |||||||
Depreciation expense | 1,700 | |||||||
Utilities expense | 320 | |||||||
Insurance expense | 700 | |||||||
Rent expense | 9,800 | |||||||
Income tax expense | 2,740 | |||||||
Total | $ | 58,530 | $ | 58,530 | ||||
Prepare a multi-step income statement for 2015. Include earnings per share. (Round your earnings per share to 2 decimal places. ) |
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