{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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)
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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)...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern