Acct 201Excel assignment P 4-6 (pg215) Income Statement

Acct 201Excel assignment P 4-6 (pg215) Income Statement -...

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Rembrandt Paint Company Combine statement of Income and Comprehensive Income statement For fiscal year End Dec, 31, 2009 (000s) Revenue from Operations: Net sales 18,000 Less: Cost of Goods sold 10,500 Gross profit 7,500 Operating Expenses: Selling and administrative expense 2,500 Restructuring costs 800 Total operating expenses 3,300 Other revenues: Interest income 200 Other expenses: Interest expense 350 -150 Income from continuing operation before income tax 4,050 Income tax expense 1215 income from continuing operations after taxes
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Unformatted text preview: 2,835 Discontiued operations: Loss from operations of discontinued plastics business-1,600 Less income tax benefit-1,120 Gain on disposal of the component's asset 2000 Less income tax 1,400 Extraordinary gain, net of $ 900 income tax 2,100 Net income 5,215 Earnings per shares: Income from continuing operations before -extraordinary item 5.67 Discontinued operations 0.8 Extraordinary Gain 4.2 Net income of earnings per shares 10.67...
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This note was uploaded on 02/12/2012 for the course ECONOMICS 101 taught by Professor Obiene during the Spring '11 term at Essex County College.

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