Question: Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Net Income After-Taxes on


Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes" on the Multi-step Income Statement for the period ending 12/31/xX? Fill in the blank with your calculated number. DO NOT include commas. S signs, period, decimal points, etc.. just enter the raw number Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input 24123 Credit Adjusted Trial Balance December 31, 20xx Accounts Debit Cash $25,503 Accounts Receivable 50,000 Inventory 100,000 Prepaid Rent 4,000 Equipment 150,000 Accumulated Depreciation Accounts Payable Deferred' Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock 0 Retained Earnings Dividends 5.000 Revenue Cost of Goods Sold 75.000 Salaries Expense 5.000 Rent Expense 25.000 Insurance Expense 5.000 Depreciation Expense 10.000 interest Expense 2.000 Income Tax Expense 4.000 Total 5460 503 $ 50,000 25,000 25.000 10,000 50.000 75.000 25.000 50.000 150.503 $460503 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
