Complete the income statement in this step, and then identify and enter the applicable EPS amounts in
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Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (2,000 shares) Net Sales Revenue $ 145,000 115,000 5,000 510,000 20,000 879,600 Common Stock, $7 Par Value, 14,000 shares authorized and issued Preferred Stock, $4 No-Par Value, 9,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from Discontinued Operations 98,000 450,000 40,000 2,000 Income Tax Expense Income From Continuing Operations Discontinued Operations (less applicable tax) Net Income Earnings per Share of Common Stock (12,000 shares issued): Earnings per Share of Common Stock (12,000 shares outstanding): Earnings per Share of Common Stock (14,000 shares issued): Earnings per Share of Common Stock (14,000 shares outstanding): 40,000 69,600 3,000 $ 72,600 Selling Expenses Administrative Expenses Income From Discontinued Operations Cost of Goods Sold Treasury Stock-Common (2,000 shares) Net Sales Revenue $ 145,000 115,000 5,000 510,000 20,000 879,600 Common Stock, $7 Par Value, 14,000 shares authorized and issued Preferred Stock, $4 No-Par Value, 9,000 shares issued Income Tax Expense: Continuing Operations Income Tax Expense: Income from Discontinued Operations 98,000 450,000 40,000 2,000 Income Tax Expense Income From Continuing Operations Discontinued Operations (less applicable tax) Net Income Earnings per Share of Common Stock (12,000 shares issued): Earnings per Share of Common Stock (12,000 shares outstanding): Earnings per Share of Common Stock (14,000 shares issued): Earnings per Share of Common Stock (14,000 shares outstanding): 40,000 69,600 3,000 $ 72,600
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Income Statement Amount in Net Sales Revenue 879600 Le... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
Posted Date:
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