Arrange the following income statement items so they are in the proper order of an income statement:
Question:
Taxes Earnings per share
Shares outstanding Earnings before taxes
Interest expense Cost of goods sold
Depreciation expense Earnings after taxes
Preferred stock dividends Earnings available to common
Operating profit stockholders
Sales Selling and administrative expense
Gross profit
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Sales Cost of goods sold Gross profit Selling and administra...View the full answer
Answered By
Meena Garg
I am graduated in B.com. I am persuing M.COM from Govt. Bikram college of commerce Patiala. I have good knowledge of accounting and finance . Have 4 years of experience to teach students of commerce background online and offline. Help them to complete the assignment on time. Have experience to teach the students of foreign universities. Love to teach students by giving them real world problems and mentoring them to solve real world problems by using theoretical knowledge.
0.00
0 Reviews
10+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Question Posted:
Students also viewed these Accounting questions
-
The Alexander Company reported the following income statement for 2013: Assume that all depreciation and 75 percent of the firm's selling, general, and administrative expenses are fixed costs and...
-
The following income statement data (in thousands) for Dell Inc. and Gateway, Inc., were taken from their recent annual reports: (a) Prepare a vertical analysis of the income statement for Dell.(b)...
-
The following income statement data (in millions) for Dell Inc. and Hewlett-Packard Company (HP) were taken from their recent annual reports: a. Prepare a vertical analysis of the income statement...
-
Download a copy of the ACFE Compensation Guide for Anti-fraud Professionals, which is available at no charge at: www.acfe.com/documents/2008-comp-guide.pdf. Based on this resource, answer the...
-
a) Prove that Cantor's Intersection Theorem holds for nested compact sets in an arbitrary metric space; that is, if H1, H2, ... is a nested sequence of nonempty compact sets in X, then b) Prove that...
-
Ollies Outdoor Centre is owned and run by Oliver Baker, using the periodic inventory system and balancing her books at month-end. At 30 April 2025, the balances of the Accounts Receivable Control and...
-
Exercise 3.58 describes a study in which college students found it unpleasant to sit alone and think. The same article describes a second study in which college students appear to prefer receiving an...
-
Winchell Investment Advisors is evaluating the capital structure of Ojai Foods. Ojais balance sheet indicates that the firm has $50 million in total liabilities. Ojai has only $40 million in short-...
-
Williams Gear makes and sells three types of computer laptop sleeves: leather, fabric, and plastic. Management is trying to determine the most profitable mix. Sales prices, demand, and use of...
-
The water clock (clepsydra) shown in Fig. P3.101 is an ancient device for measuring time by the falling water level in a large glass container. The water slowly drains out through a small hole in the...
-
A-Rod Fishing Supplies had sales of $2,500,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total...
-
Given the following information, prepare in good form an income statement for the Dental Drilling Company. Selling and administrative expense $ 112,000 Depreciation expense 73,000 Sales 489,000...
-
Maximize f = 20x + 12y + 12z subject to x + z 40 x + y 30 y + z 40 Use the simplex method to maximize the given functions. Assume all variables are nonnegative.
-
A company owns a 6-year-old gear hobber that has a book value of \($60,000.\) The present market value of the hobber is \($80,000.Anew\) gear hobber can be purchased for \($450,000.\) Using an...
-
Dell is considering replacing one of its material handling systems. The old system was purchased 7 years ago for \($130,000\) and was depreciated as MACRS-GDS 5-year property since the system is used...
-
A company owns a 5-year-old turret lathe that has a book value of $20,000. The present market value of the lathe is $16,000. A new turret lathe can be purchased for $45,000. Using a before-tax...
-
Allen Construction purchased a crane 6 years ago for \($130,000.\) They need a crane of this capacity for the next 5 years. Normal operation costs \($35,000\) per year. The current crane will have no...
-
Clear Water Company has a down-hole well auger that was purchased 3 years ago for \($30,000.\) O&M costs are \($13,000\) per year. Alternative A is to keep the existing auger, which has a current...
-
Figure 5-12 shows a simple circuit that can be used to detect the interruption of a light beam. The light is focused on a phototransistor that is connected in the common-emitter configuration to...
-
What is an access control list?
-
Why do people engage in glazing over?
-
Ensco Lighting Company has fixed cost of $100,000 sells its units for $28, and has variable costs of $15.50 per unit. Instructions: a. Compute the break-even point. b. Ms. Watts comes up with plan to...
-
Rapid corporate growth in sales and profits can cause financing problems. Elaborate on this statement.
-
What factors would cause a difference in the use of financial leverage for a utility company and an automobile manufacturer?
-
Individual Retirement Account (IRA) Bonds Mutual fund Stocks Futures Defined contribution plans What is it? Level of Risk and Potential Return Minimum investment? Easy to start or stop?
-
1. A company purchased machinery in 2015 for $400,000. Its value in 2018 was $320,000. Assuming the resale value decreases exponentially, what will the value be in 2020? As a part of your solution,...
-
ROA of a company is 8.57%, Total assets end of the year of 2021 are $9.6 million, ROE is 14% and Profit margin of 19.9% what is the firms value of net income? and what is stockholders equity?
Study smarter with the SolutionInn App