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Unformatted text preview: Loss on expropriation (net of $320 tax benefit) (480) Net income 60 Other comprehensive income (loss): Unrealized loss from investments (net of $80 tax) (120) Gain from foreigh currency translation (net of $240 tax) 360 240 Comprehensive income (loss) $300 Moore Corporation December 31, 2011 Account Balances Sales $22,300 Cost of goods sold $(14,500) Selling expenses $(2,300) General and administrative expenses $(1,200) Dividend revenue $200 Interest expenses $(300) Additional information: loss on investment $(300) unrealized loss on investment $(200) Restructuring costs due to factoryclosings $(2,000) Received for facility expropriated by foreign government $800 discontinued operations: operating income $800 loss on disposal $(1,800) Foreign currency translation adjustment gain $600 Effective tax rate 40%...
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This note was uploaded on 02/22/2012 for the course ACCT 401 taught by Professor Winchel during the Spring '10 term at South Carolina.
- Spring '10