Ch16_P02A - (156,191) Net income(loss) $508,005 $532,950...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 16-2A Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Parts 1 through 2 M1 M5:S60 Given Data T1
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REPORT REFERENCE Parts 1 through 2 M5 Given Data T1 0 0 SPATS Problem 16-2A Clear Printing Corp. Part 1. A Part 1. B Part 1. C Part 2
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Given Data: Clear Printing Corp. 2006 2005 2004 Sales $998,900 $687,040 $466,855 Costs and expenses 383,570 234,500 157,420 Income from continuing operations 615,330 452,540 309,435 Loss on discontinued operations (107,325) Income (loss) before extraordinary items $508,005 $452,540 $309,435 Extraordinary gains (losses) 80,410
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Unformatted text preview: (156,191) Net income(loss) $508,005 $532,950 $153,244 Information on Common Shares Shares outstanding on December 31, 2003 14,400 Purchase and retirement of shares on March 1, 2004 (1,440) Sale of shares on June 1, 2004 6,240 Share dividend of 5% on August1, 2004 960 Shares outstanding December 31, 2004 20,160 Sale of shares on February 1, 2005 2,880 Purchase and retirement of shares on July 1,2005 (720) Shares outstanding December 31, 2005 22,320 Sale of shares on March 1, 2006 8,280 Purchase and retirement of shares on September 1, 2006 (1,800) Share split of 3:1 on October 1, 2006 57,600 Shares outstanding December 31, 2006 86,400 No preferred shares have been issued...
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Ch16_P02A - (156,191) Net income(loss) $508,005 $532,950...

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