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First Discussion: Income Statement
I. Using the Consolidated Statement of Income (may also be called Statement of Earnings or Statement of Operations) of a publicly-traded company of your choosing, answer the following questions in the 1.4 Discussion: Income Statement forum:
1. What are the Sales (also called Net Sales, Net Revenue, or Operating Revenue) for the most recent three years? This is normally the largest number.
2. What are the Net Incomes (also called Net Earnings) for the most recent three years?
3. How well do you think this company is operating? Explain your answer.
The audited Income Statement will have only three years of data. Post the name of your selected company and the link to the statement with your answer.
Please post original answer. Copy and pasting some ones else response will not get you point.
Explain why you think the model you selected is most appropriate for accountants to stay within the realm of ethical behavior.
Dan purchases a 25% interest in the Haymarket Partnership for $20,000 on January 1, 2004, and begins to materially participate in the partnership's business. The Haymarket Partnership uses the calendar year as its tax year.
Sorting Balance Sheet Information - Arrange three columns corresponding to the balance sheet equation
The maximize the increase in current earnings per share. How would you as a potential investor in firm using this tactic, be corcerned?
Assume that the quantity demanded at the price calculated in part a is only 600 units. Illustrate what are the full costs of the globe, and what is the price with a 25 percent markup?
Illustrate what would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2011, if it uses the direct method?
Using the web, access The Coca-Cola Company 2012 financial statements (www.thecoca-colacompany.com). Identify and discuss the following aspects of consolidated tax expense disclosed in the financial statements:
Where are details about changes in the amount of retained earnings fund and Over the three years presented, have the company's annual net cash flows been positive or negative from operating activities,
Determine the ending inventory and cost-of-goods-sold amounts for the March financial statements under (a) average cost, (b) FIFO cost, and (c) LIFO cost.
The adjusted trial balance of Zambrana Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2010: Sales $800,000, Freight-out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $15,000.
Multiple Choice questions on Accounting Fundamentals and Preparation of adjustments, adjusted trial balance, financial statements
Determine the cash payback period for each proposal. Round your answers to two decimal places, if necessary
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