Introduction to financial accounting exercise 8 show

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Introduction to Financial Accounting: Exercise 8 Show what Black Panther will report on its 2016 income statement, starting with income before taxes. Also show what Black Panther will report for current and long- term liabilities on its December 31, 2016 balance sheet.
Q.3) Heimdall Psychics, located in Asgard, reported several special items on its income statement. The following data, listed in no order, came from Heimdall’s financial statements (amounts in thousands): Income tax expense (savings) Continuing operations $515 Discontinued operations $56 2
Introduction to Financial Accounting: Exercise 8 Unrealized gain on derivatives $15 Short-term investments $25 Net sales $18,30 0 Foreign-currency translation adjustment (gain) $320 Income from discontinued operations $311 Dividends declared and paid $860 Total operating expenses 16,250 Prepare the Heimdall Psychics comprehensive income statement for the year ended September 31, 2016. Omit earnings per share.

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