chapter 4 homework

chapter 4 homework - Exercise 4-1 Part 1 GREEN STAR...

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Exercise 4-1 Part 1 GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2011 Revenues and gains: Sales $1,300,000 Interest 30,000 Gain on sale of investments 50,000 Total revenues and gains 1,380,000 Expenses and losses: Cost of goods sold $720,000 Salaries 160,000 Depreciation 50,000 Interest 40,000 Rent 25,000 Income tax 130,000 Total expenses and losses 1,125,000 Net income $ 255,000 Earnings per share $2.55
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Part 2 GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2011 Sales revenue $1,300,000 Cost of goods sold 720,000 Gross profit 580,000 Operating expenses: Salaries $160,000 Depreciation 50,000 Rent 25,000 Total operating expenses 235,000 Operating income 345,000 Other income (expense): Interest revenue 30,000 Gain on sale of investments 50,000 Interest expense (40,000 ) Total other income, net 40,000 Income before income taxes 385,000 Income tax expense 130,000 Net income $ 255,000 Earnings per share $2.55
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Exercise 4-2 Part 1 GENERAL LIGHTING CORPORATION
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chapter 4 homework - Exercise 4-1 Part 1 GREEN STAR...

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