Krupetskiy4_ACC211

Krupetskiy4_ACC211 - Tanya Krupetskiy Professor Turner ACC 211 Week 5 E4-4 a Webster Company Income Statement For the Year Ended(In thousands

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Tanya Krupetskiy Professor Turner ACC - 211 Week 5 E4-4 a. Webster Company Income Statement For the Year Ended December 31, 2010 (In thousands, except for earnings per share) Sales $96,500 Cost of goods sold $63,570 Gross profit $32,930 Operating expenses Selling expenses Transportation-out $2,690 Sales commissions $7,980 Depreciation of sales equipment $6,480 $17,150 Administrative expenses Officers' salaries $4,900 Depreciation of office furniture and equipment $3,960 $8,860 $26,010 Income from operations $6,920 Other revenues and gains Rental revenue $17,230 $24,150 Other expenses and losses Interest expense $1,860 Income before income tax $22,290 Income tax $7,580 Net income $14,710 Earnings per share $0.36 b. Webster Company Income Statement For the Year Ended December 31, 2010 (In thousands, except for earnings per share) Revenues Sales $96,500 Rental revenue $17,230 Total revenues $113,730 Expenses Cost of goods sold $63,570 Selling expenses $17,150 Administrative expenses $8,860 Interest expense $1,860 Total expenses $91,440
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This note was uploaded on 11/11/2009 for the course ACC 211 taught by Professor Weber during the Spring '09 term at Colorado Mountain.

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Krupetskiy4_ACC211 - Tanya Krupetskiy Professor Turner ACC 211 Week 5 E4-4 a Webster Company Income Statement For the Year Ended(In thousands

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