Question: need help with all the red boxes options it gives to choose from: loss on disposal, net of applicable tax write off goodwill sales revenue

 need help with all the red boxes options it gives tochoose from: loss on disposal, net of applicable tax write off goodwillsales revenue cost of goods sold income tax interest revenue selling andadministrative expenses gain on the sale of investments loss on operations, netof applicable tax loss from flood damage net income/ loss discontinued operations

need help with all the red boxes

options it gives to choose from:

loss on disposal, net of applicable tax write off goodwill sales revenue cost of goods sold income tax interest revenue

selling and administrative expenses gain on the sale of investments loss on operations, net of applicable tax loss from flood damage

net income/ loss discontinued operations earning per-share income from continuing operation income from operations

gross profit/loss other revenues and gains other expenses and losses income from continuing operation before income tax

Question 4 The following information is related to Oriole Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,254,400 32,000,000 20,480,000 89,600 6,016,000 1,049,600 1,592,320 140,800 499,200 563,200 115,200 320,000 102,400 Oriole Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Oriole sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) ORIOLE COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue 32000000 Cost of Goods Sold (20480000) Gross Profit / (Loss) 11520000 Selling and Administrative Expenses (6016000) Income from Operations 5504000 https://edugen.wileyplus.com/edugen/ti/main.uni 9/18/2020 WileyPLUS Other Revenues and Gains Interest Revenue 89600 Gain on the sale of Investments 140800 230400 Other Expenses and Losses Write-off of Goodwill (1049600) Loss from Flood Damage (499200) (1318400) Income from Continuing Operations Before Income Tax 4185600 Income Tax (1592320) Income from Continuing Operations 2593280 Discontinued Operations Loss on Disposal, Net of Applicable Tax (563200) Loss on Operations, Net of Applicable Tax (115200) (678400) | Net Income / (Loss) 1914880 3.62 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare a retained earnings statement. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement For the Year Ended December 31, 2020 | Retained Earnings, January 1 $U 1254400 Add Net Income / (Loss) 1914880 3169280 Less Dividends-Common Stock (320000) 2 Dividends-Preferred Stock (102400) 1492480 Retained Earnings, December 31 2746880 lleducen wileynlus comledudenti/main uni Question 4 The following information is related to Oriole Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,254,400 32,000,000 20,480,000 89,600 6,016,000 1,049,600 1,592,320 140,800 499,200 563,200 115,200 320,000 102,400 Oriole Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Oriole sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) ORIOLE COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue 32000000 Cost of Goods Sold (20480000) Gross Profit / (Loss) 11520000 Selling and Administrative Expenses (6016000) Income from Operations 5504000 https://edugen.wileyplus.com/edugen/ti/main.uni 9/18/2020 WileyPLUS Other Revenues and Gains Interest Revenue 89600 Gain on the sale of Investments 140800 230400 Other Expenses and Losses Write-off of Goodwill (1049600) Loss from Flood Damage (499200) (1318400) Income from Continuing Operations Before Income Tax 4185600 Income Tax (1592320) Income from Continuing Operations 2593280 Discontinued Operations Loss on Disposal, Net of Applicable Tax (563200) Loss on Operations, Net of Applicable Tax (115200) (678400) | Net Income / (Loss) 1914880 3.62 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare a retained earnings statement. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement For the Year Ended December 31, 2020 | Retained Earnings, January 1 $U 1254400 Add Net Income / (Loss) 1914880 3169280 Less Dividends-Common Stock (320000) 2 Dividends-Preferred Stock (102400) 1492480 Retained Earnings, December 31 2746880 lleducen wileynlus comledudenti/main uni

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