PROPERTY plant and equipment

PROPERTY plant and equipment - PROPERTY, PLANT, AND...

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PROPERTY, PLANT, AND EQUIPMENT Land Plant (less accumulated depreciation) Equipment (less accumulated depreciation) Furniture and Fixtures (less acc. depr.) STOCKHOLDER’S EQUITY Common stock Preferred stock Paid in capital in excess of par Retained earnings (less Treasury stock) Natural Resources INTANGIBLE ASSETS Goodwill Patent, Trademark, Copyrights Franchises, Leasehold Improvements 9 The Income Statement: reports the business operating performance of an economic unit over a period of time. Revenues – Expenses = Net Income (Net Loss) MAXIDRIVE CORP. Income Statement For the Year Ended December 31, 20A (in thousands of dollars)
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Revenues Sales revenue $37,436 Total revenues $37,436 Expenses Cost of goods sold expense 26,980 Selling, general, and administrative expense 3,624 Research and development expense 1,982 Interest expense 450 Total expenses 33,036 Pretax income 4,400 Income tax expense (@25%) 1,100 Net income $3,300 Revenues: gross earnings from the sale of goods or services to customers. Inflows of assets (or a decrease in liabilities) from ongoing operations
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PROPERTY plant and equipment - PROPERTY, PLANT, AND...

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