Complete the table given below a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment
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Complete the table given below
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a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings 1. Loss from operating a discontinued segment (pretax) 3. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-buildings . Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income tax expense 9. Cost of goods sold Debit $ 35,100 26,950 107,500 19,350 53,100 17,100 24,850 493,500 Credit $ 15,100 45,100 72,700 45,100 176,700 30,220 1,009,500 39,500 a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings 1. Loss from operating a discontinued segment (pretax) 3. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-buildings . Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income tax expense 9. Cost of goods sold Debit $ 35,100 26,950 107,500 19,350 53,100 17,100 24,850 493,500 Credit $ 15,100 45,100 72,700 45,100 176,700 30,220 1,009,500 39,500
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Step 1 Calculate Income from Continuing Operations Before Income Taxes I... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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