LLS6e_Ch06 - Student Name: Class: Problem 06-03 NOMURA...

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Student Name: Class: Problem 06-03 NOMURA EXPORT COMPANY Income Statement Items Independant Cases Case A Case B Gross sales revenue $239,000 $165,000 Sales returns and allowances 20,000 Net sales revenue Cost of goods sold Gross profit Operating expenses 18,600 Pretax income 22,000 Income tax expense Income before extraordinary items Extraordinary gain (loss) (2,000) $10,000 Less: Income Tax (20%) Net income Earnings per share (10,000 shares) $2.30
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Given Data P06-03: NOMURA EXPORT COMPANY Income Statement Items Independent Cases Case A Case B Gross sales revenue $239,000 $165,000 Sales returns and allowances 20,000 ? Net sales revenue ? ? Cost of goods sold ? 70% Gross profit 30% ? Operating expenses ? 18,600 Pretax income 22,000 ? Income tax expense (20%) ? ? Income before extraordinary items Extraordinary gain (loss) (2,000) 10,000 Less Income tax (20% of extraordinary item) Net income ? ? Earnings per share (10,000 shares) ? $2.30
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Student Name: Class: Problem 06-06 Requirement 1: BUILDERS COMPANY, INC. Income Statement
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LLS6e_Ch06 - Student Name: Class: Problem 06-03 NOMURA...

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