Question: Please help with the questions in red Homework Chapter 4 Problem 4 Problem 4-4 Review Score Review Results by Stud objective Mobile Site Problem 4-1




Homework Chapter 4 Problem 4 Problem 4-4 Review Score Review Results by Stud objective Mobile Site Problem 4-1 The following information is related to Headland Company for 2017. Retained earnings balance, January 1, 2017 $996,990 Sales Revenue 26,127,500 Cost of goods sold 16,124,600 Interest revenue 78,600 Selling and administrative expenses 4,784,900 Write-off of goodwill 838,700 Income taxes for 2017 1,398,900 Gain on the sale of investments 115,700 Loss due to flood damage 398,700 Loss on the disposition of the wholesale division (net of tax) 453,400 Loss on operations of the wholesale division (net of tax) 90,320 Dividends declared on common stock 233,400 Dividends declared on preferred stock 75,430 Headland Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Headland sold the wholesale operations to Rogers Company. During 2017, there were 511,000 shares of common stock outstanding all year. Your answer is partially correct Try aaain
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