Lovely Scenes Company had the following accounts and balances at the end of the year. Calculate...
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Lovely Scenes Company had the following accounts and balances at the end of the year. Calculate Earnings after interest and taxes at the end of the year? (Do not use punctuation marks, like commas, periods etc nor $ sign) Cash Accounts Payable Common Stock Dividends Unearned Revenue Salaries Expense Accounts Receivable Inventory Cost of Goods Sold Bank Loan (Long Term) Rent expense Notes Payable (Short Term) $78,000 13,000 61,000 Amortization/Depreciation Interest Expense Accrued Expenses 12,000 Prepaid Expenses 5,600 Retained earnings 12,000 Amortization/Depreciation Expense 54,000 Salaries Payable 46,000 Tax Rate 102,000 Preferred Stock 20,000 8,000 Accumulated 5000 Revenues/Sales Plant and equipment (Original cost) Long-term Notes Payable $20,000 4,000 10,000 14,600 91,000 6,000 17,000 30% 30,000 255,000 89,000 10,000 Lovely Scenes Company had the following accounts and balances at the end of the year. Calculate Earnings after interest and taxes at the end of the year? (Do not use punctuation marks, like commas, periods etc nor $ sign) Cash Accounts Payable Common Stock Dividends Unearned Revenue Salaries Expense Accounts Receivable Inventory Cost of Goods Sold Bank Loan (Long Term) Rent expense Notes Payable (Short Term) $78,000 13,000 61,000 Amortization/Depreciation Interest Expense Accrued Expenses 12,000 Prepaid Expenses 5,600 Retained earnings 12,000 Amortization/Depreciation Expense 54,000 Salaries Payable 46,000 Tax Rate 102,000 Preferred Stock 20,000 8,000 Accumulated 5000 Revenues/Sales Plant and equipment (Original cost) Long-term Notes Payable $20,000 4,000 10,000 14,600 91,000 6,000 17,000 30% 30,000 255,000 89,000 10,000
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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