SAT Case 13-1(2)-Power Point-2010

SAT Case 13-1(2)-Power Point-2010 - Problem131 Hilary...

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Hilary Johnson and Michelle Ragsdale Problem 13-1
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Differences in Income 2008 2008 Daggar (Capital) Bayshore (Operating) Differences Income $ 100,000 $ 100,000 Rent Expense $ (20,000) $ 20,000 Depreciation $ (17,249) $ (17,249) Earning Before Interest and  Taxes $ 82,751 $ 80,000 $ 2,751 Accrued Interest  $                      (5,299)    $                       (5,299) Earnings Before Taxes  $                      77,452   $                              80,000   $                       (2,548) Taxes  $                   (30,981)  $                           (32,000)  $                          1,019  Net Income  $                      46,471   $                              48,000   $                       (1,529)
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SAT Case 13-1(2)-Power Point-2010 - Problem131 Hilary...

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