Chap_5_solution

Chap_5_solution - Homework Manager Assignment Solutions...

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Homework Manager Assignment Solutions E5-2. Information Release Definition B (1) Annual report F (2) Form 8-K A (3) Press release E (4) Form 10-Q C (5) Quarterly report D (6) Form 10-K A. Written public news announcement that is normally distributed to major news services. B. Report containing the four basic statements for the year, related notes, and often statements by management and auditors. C. Brief unaudited report for quarter normally containing summary income statement and balance sheet (unaudited). D. Annual report filed by public companies with the SEC that contains additional detailed financial information. E. Quarterly report filed by public companies with the SEC that contains additional unaudited financial information. F. Report of special events (e.g., auditor changes, mergers) filed by public companies with the SEC. E5-11. Village Corporation Income Statement For the Year Ended December 31, 2007 Sales revenue $ 70,000 Cost of goods sold 45,500 Gross Profit $ 24,500 Operating Expenses Selling expense 8,000 Administrative expense 4,500 Total operating expenses $ 12,500 Pretax income $ 12,000 Income tax expense 3,600 Net income $ 8,400 Basic earnings per share 2.8
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P5-1. (1) E; (2) L; (3) D; (4) I; (5) M; (6) W; (7) B; (8) Q; (9) A; (10) R; (11) U; (12) N; (13) C;
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This note was uploaded on 09/29/2008 for the course AEM 2210 taught by Professor Little,j. during the Spring '07 term at Cornell.

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Chap_5_solution - Homework Manager Assignment Solutions...

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