Question: Thumbs down for wrong answer Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and

Thumbs down for wrong answer Blanton is preparing their multi-step income statement Thumbs down for wrong answer

Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 40,000 Sales Revenue 590,000 What is Blanton Co's operating income for the period? Enter your response as a whole number, no commas and no dollar sign

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

i am struggling with these last 4 questions can someone help answer them Question 2 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement...

The ratios for Coke and Dr. Pepper for 2012 are shown above. Which ratio shows COKE as similar to DR PEPPER? Current ratio Gross Profit Profit Margin Return on Assets Blanton is preparing their...

Question 3 (1 point) Accounts Payable $45,000 Cost of Goods Sold 230,000 Gain on Sale of Equipment 15,000 General and Admin Expense 160,000 Loss from Discontinued Ope 10,500 Salaries Payable 20,000...

Question 7 (0.5 points) Crafty Inc. borrowed $10,000 with a five-year 2.47% annual interest rate on 4/1/20X1. On their year-end financial statements dated 12/31/20X1, what amount should be reflected...

Accounts Payable Cost of Goods Sold Gain on Sale of Equipment General and Admin Expense Loss from Discontinued Ope Salaries Payable Expense $45,000 230,000 15,000 160,000 10,500 20,000 60,000 Blanton...

Question 3 (1 point) Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the...

Accounts Payable Cost of Goods Sold Gain on Sale of Equipment General and Admin Expense Loss from Discontinued Ope Salaries Payable Tax Expense $45,000 230,000 15,000 160,000 10,500 20,000 60,000...

List five services provided by an operating system that are designed to make it more convenient for users to use the computer system. In what cases it would be impossible for user-level programs to...

Consider the two pressure vessel geometries shown below. Both are thin-walled vessels made of titanium 6Al-4V; both are to be pressurized from 0 to the same pressure, p; and both have the same...

Down Under Products sales budget for the next four months is as follows: Unit SalesApril 6 8 , 0 0 0 May 8 0 , 0 0 0 June 1 0 8 , 0 0 0 July 8 9 , 0 0 0 The company wants its ending inventory levels...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Responsibility. There is a guarded attitude towards giving too much responsibility, as workers like guidance and older workers in particular prefer clear instructions. Motivation rises when more...

Money. Generally money is seen as important for recruiting and retaining employees, but not as a real motivator. It is seen as a hygiene factor in that it keeps staff in the company.

Bonus systems. It is considered that bonuses relating to individual performance would improve motivation, but this view is not widespread. One company pays a fixed salary only. Some companies offer...