ACC208_4-52 Single Step Income Statements part 1

ACC208_4-52 Single Step Income Statements part 1 - Single...

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Single Step Income Statement 2 Single Step Income Statement 4-52 Single Step Income Statement part 1 Other expense, net $6,317 $684,175 Cost of Goods sold 2,958,708 Interest income, net 23,088 279,459 Provision for income taxes 405,107 3,074,037 Cash dividends declared 58,986 111,586 Net Sales revenue 4,624,274 1. Prepare a combined single-step statement of income and retained earning of the year. Harley-Davidson is the parent company of Harley-Davidson Motor, Buell Motorcycle, and Harley-Davidson financial Services. It is most well known for producing heavyweight, custom, and touring motorcycles as well as parts, accessories, and apparel. Harley-davidson Financial Services provides wholesale and retail financing and insurance programs to dealers and customers. A recent Harley-Davidson annual report contained the follwing items ($in thousands) for the year ending December 31, 2003: Sellind, administrative and engineering expense Financial Services Income Retained Earnings at end of year Financial Services Expenses
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ACC208_4-52 Single Step Income Statements part 1 - Single...

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