Following is a partial adjusted trial balance before tax of Holden Corp. on January 31, 2022....
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Following is a partial adjusted trial balance before tax of Holden Corp. on January 31, 2022. Holden Corp. follows IFRS. Holden Corp.'s tax rate is 29% and the company uses a perpetual inventory system. There are 14,000 common shares outstanding throughout the year. Account Advertising expense. Cost of goods sold Depreciation expense, equipment Freight-out expense.... Gain on sale of discontinued operations. Interest expense. Interest income. Loss from discontinued operations. Sales Sales discounts. Balance 8,800 8,400 3,500 9,100 8,300 7,700 5,600 5,600 55,700 4,900 a) Prepare a multi step income statement for the year ended January 31, 2022. Please make sure your final answer(s) are accurate to 2 decimal places. Holden Corp. Income Statement For the year ended January 31, 2022 X + X+ REQUIRED DISCLOSURES: Please make sure your final answer(s) are accurate to 2 decimal places. b) Calculate basic earnings per share from continuing operations. Earnings per share = $ c) Calculate basic earnings per share from discontinued operations. Earnings per share = $ d) Calculate basic earnings per share. Earnings per share = $ e) Report the income tax amount for the loss from discontinued operations. Income tax amount = $ f) Report the income tax amount for the gain on sale of discontinued operations. Income tax amount = $ Following is a partial adjusted trial balance before tax of Holden Corp. on January 31, 2022. Holden Corp. follows IFRS. Holden Corp.'s tax rate is 29% and the company uses a perpetual inventory system. There are 14,000 common shares outstanding throughout the year. Account Advertising expense. Cost of goods sold Depreciation expense, equipment Freight-out expense.... Gain on sale of discontinued operations. Interest expense. Interest income. Loss from discontinued operations. Sales Sales discounts. Balance 8,800 8,400 3,500 9,100 8,300 7,700 5,600 5,600 55,700 4,900 a) Prepare a multi step income statement for the year ended January 31, 2022. Please make sure your final answer(s) are accurate to 2 decimal places. Holden Corp. Income Statement For the year ended January 31, 2022 X + X+ REQUIRED DISCLOSURES: Please make sure your final answer(s) are accurate to 2 decimal places. b) Calculate basic earnings per share from continuing operations. Earnings per share = $ c) Calculate basic earnings per share from discontinued operations. Earnings per share = $ d) Calculate basic earnings per share. Earnings per share = $ e) Report the income tax amount for the loss from discontinued operations. Income tax amount = $ f) Report the income tax amount for the gain on sale of discontinued operations. Income tax amount = $
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b d e f Income Statement Sales LessSales Discount Net Sales LessCost of goods sold Gross Profit Less... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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