Acct 201Excel assignment P 4-8 (pg216) Income Statement

Acct 201Excel assignment P 4-8 (pg216) Income Statement -...

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Revenue from Operations: Sales 15,000,000 Less: Cost of Goods sold 9,400,000 Gross profit 5,600,000 Operating Expenses: Selling expenses 500,000 General and administrative expenses 1,000,000 Restructuring costs 300,000 Total operating expenses 1,800,000 Income from operations 3,800,000 Other expenses: Interest expense 700,000 (700,000) Income from continuing operation before income tax 3,100,000 Income tax expense 1240000 income from continuing operations after taxes 1,860,000 Extraordinary item: Loss from operations of expropriated -business (net 1,200,000 income tax benefit) (1,800,000) Gain on sale of expropriated asset (net -of $400,000 in tax expenses)
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Unformatted text preview: 600,000 Net income 660,000 Other comprehensive income: Loss from on foreign currency (net -of $80,000 income tax benefit) (120,000) Unrealized gain on investments -(net of $72,000 in come tax expense) 108,000 (12,000) Comprehensive income 648,000 Earnings Per Share: Income from continuing operations before extraordinary item 3.72 Extraordinary item loss-2.4 Net income 1.32 Duke Company Combine statement of Income and Comprehensive Income statement For fiscal year End Dec, 31, 2009 Name Course Section Date Assignment (s) (You may include several assignments in one package; identify each assignment)...
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Acct 201Excel assignment P 4-8 (pg216) Income Statement -...

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