In Class Assignment for Team b Week three corrected

In Class Assignment for Team b Week three corrected -...

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Sales Revenue Sales Less sales discounts 45,000.00 Sales returns and allowances 150,000.00 Net sales revenue Cost of Goods Sold Cost of Goods Sold 621,000.00 Gross Profit on Sales Operating Expenses Selling Expenses 194,000.00 97,000.00 Income From Operations Other Revenues and Gains Interest Revenue 86,000.00 Total Revenue Other Expenses and losses Interest Expense 60,000.00 Income before tax and extraordinary items Income Tax Income before extraordinary items
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Unformatted text preview: Extraordinary Item Loss from earthquake damage 150,000.00 Less applicable income reduction of 34% 51,000.00 Net Income Per share of common stock: (Income before extraorinary items) Extraordinary items net of tax Net Income Marialonzo Corp Multi steip income statement 1,380,000.00 195,000.00 1,185,000.00 564,000.00 273,000.00 359,000.00 299,000.00 101,660.00 197,340.00 99,000.00 98,340.00 1.97 1.97 0.99 0.98...
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This note was uploaded on 09/14/2010 for the course ACC 429 taught by Professor Whitehurst during the Spring '10 term at Chattanooga State.

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In Class Assignment for Team b Week three corrected -...

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