Question: Put these statments in a excel sheet which each statment Santa s Little Helpers, Inc. ( SHL ) is headquartered in the North Pole (
Put these statments in a excel sheet which each statment Santas Little Helpers, Inc. SHL is headquartered in the North Pole where else? and manufactures various toys and holiday products. The company has several divisions and operates worldwide. SLH had the following income statement items for the year ended December :
Administrative expenses $ Net sales $
Cost of goods sold Interest expense
Dividend income Selling expenses
The following additional information is available.
SLH operates a chain of candymaking stores. In November of the elves that work in the US markets learned that the Keebler elves earned substantially more than they did so they went on strike to obtain higher wages. SLH experienced a loss of $ as a result of the strike.
During their auditors discovered that in the company had failed to record depreciation on its assets located in South America. This created a material error in the financial statements. The aftertax effect of that mistake would have decreased income by $
During the year, the company disposed of its manufacturing division in the South Pole. Even though the division was profitable they had pretax income from operations of $ it simply took too long for Santa and his sleigh to get to the other side of the world to pick up their packages on Christmas Eve. Since the view of the southern lights isnt nearly as spectacular as that of the northern lights, it was difficult to find a buyer for the location. As a result, there was a pretax loss on disposal of the divisions net assets of $
Since the company operates internationally, SLH must translate all of its international operations into the local currency. According to Siri, both the Euro and the US dollar are accepted in the Arctic so we will go with US dollars. For SLH incurred a gain on foreign currency translation of $ before tax.
In February of an avalanche in Siberia destroyed the Reindeer Refueling Station which was located there and owned by SLH After receiving its insurance settlement, this resulted in a pretax gain of $How can they have a gain from an avalanche?!?!?
shares of common stock were outstanding throughout Retained Earnings at the beginning of the year was $ During SLH paid dividends of $ per common share.
Income tax expense has not yet been accrued. The income tax rate is on all items of income loss
Required:
Prepare a multiple step income statement for including Earnings per share EPS disclosures for Santas Little Helpers, Inc.
Prepare a separate Statement of Comprehensive Income for
Prepare a Statement of Retained Earnings for
Your work should look professional as if you were presenting these financial statements to a client. For example, no abbreviations, use dollar signs, underlines and double underlines appropriately, use commas for amounts greater than $ use appropriate headings and round all amounts to dollars do not show cents This should be done in Excel.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
