Question: The following information is available for Reinsch Corporation for the
The following information is available for Reinsch Corporation for the year ended December 31, 2014: cost of goods sold $205,000, sales revenue $350,000, other revenues and gains $50,000 and operating expenses $75,000. Assuming a corporate tax rate of 30%, prepare an income statement for the company.
Answer to relevant QuestionsZiegler Corporation reports net income of $380,000 and a weighted-average of 200,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock.On January 1, 2014, Vahsholtz Corporation purchased 5,000 shares of treasury stock. Other information regarding Vahsholtz Corporation is provided shown below..:.Compute (a) Return on common stockholders’ equity for each ...Before preparing financial statements for the current year, the chief accountant for Toso Company discovered the following errors in the accounts.1. The declaration and payment of $50,000 cash dividend was recorded as a ...The following financial information is available for Plummer Corporation.The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014.InstructionsCalculate earnings per share ...The stockholders’ equity accounts of Holt Inc., at January 1, 2014, are as follows.Preferred Stock, $100 par, 7% .............. $600,000Common Stock, $10 par ............... 900,000Paid-in Capital in Excess of ...
Post your question