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The following are partial income statement account balances taken from the December 31, 2013, year-end trial balance of White and Sons, Inc.: restructuring costs, $450,000; interest revenue, $55,000; loss from earthquake (unusual and infrequent), $550,000; and loss on sale of investments, $65,000. Income tax expense has not yet been accrued. The income tax rate is 40%.
Prepare the lower portion of the 2013 income statement beginning with $925,000 income before income taxes and extraordinary item. Include appropriate basic EPS disclosures. The company had 150,000 shares of common stock outstanding throughout the year.
prepare journal entries to record the following selected transactions of masterson co.a purchased 600 shares of the
happy feet produces sports socks. the company has fixed expenses of 150000 and variable expenses of 3.50 per package.
for the current year paxman company incurred 150000 in actual manufacturing overhead. the manufacturing overhead
california customs designs llc is a business that customizes motorcycles and automobiles according to the customers
a neighborhood restaurant opens for lunch only and has a menu limited to five meals. the history of each menu item
what is the annual depreciation for a piece of equipment with total acquisition cost of 200000 salvage value of 20000
in class we discussed two tests for dependency 1-qualifying child test and 2- qualifying relative test.under the
On January 2, 2010, it purchased for cash $25,300 of equity securities that it classified as available-for-sale. It received cash dividends of $4,070 during the year on these securities. In addition, it has an unrealized holding gain on these secu..
china toys manufacturing company ltd. had a fire that completely destroyed the factory premises. only few accounting
Write an equation of the line passing through the point (2, -3) and parallel to the line 3y + 6x 1 = 0.
Prepare all the journal entries, including the adjusting entries on 12/31/2010, for recording all the transactions related to note, interest on note, rent and salaries during 2010. assume that the firm does not follow the reversing entries convention..
assume that the company produces and sells 81000 units during the year at a selling price of 8.8 per unit. prepare a
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