The adjusted trial balance of pacific scientific

Reference no: EM13617191

The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company's fiscal year, contained the following income statement items: sales revenue, $2,105; cost of goods sold, $1,250; selling expenses, $120; general and administrative expenses, $110; interest expense, $35; and gain on sale of investments, $50. Income tax expense has not yet been accrued. The income tax rate is 30%.

Prepare a multiple-step income statement for 2013. Ignore EPS disclosures.

Reference no: EM13617191

Questions Cloud

You must make a payment of 162901 in 10 years to get the : a it is now january 1. you plan to make a total of 5 deposits of 500 each one every 6 months with the first

What would be the may balance of accounts receivable for : diamond window corporations sales half of which are for cashmarch april may140000 240000 160000a. estimate diamonds

Describe the flow of funds channeled through finance : rimsa savings is a savings institution that provided carson company with a mortgage for its office building. rimsa

Werth company produces tie racks the estimated fixed costs : werth company produces tie racks. the estimated fixed costs for the year are 288000 and the estimated variable costs

The adjusted trial balance of pacific scientific : the adjusted trial balance of pacific scientific corporation on december 31 2013 the end of the companys fiscal year

As your text describes ratio analysis is a common technique : as your text describes ratio analysis is a common technique in financial analysis. one of your colleagues states that

Company q has just paid a dividend of 140 per share its : company q has just paid a dividend of 1.40 per share. its dividend is expected to grow at 5 per year perpetually. if

All of general hospitals debt is at an inerest rate of 75 : all of general hospitals debt is at an inerest rate of 7.5 on its debt. it is in the 35 tax bracket. 30 of its funding

A company has issued a bond with the following : a company has issued a bond with the following characteristics principal 1000 time to maturity 20 years coupon rate 8

User Account

All Pages