The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000
Sales Returns 12,000
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Answers
Answer:
The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.
The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000
Sales Returns 12,000The accountant of Alokozay Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31, 2015.
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000
Sales Returns 12,000
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Sales Returns 12,000
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000
Sales Returns 12,000
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Cost of goods sold $ 4,96, 000
Interest expense 20,000
Income tax 32,000
Administrative expenses 1,28,000
Sales 8,68,000
Sales Returns 12,000
Selling Expenses 130,000
Please note that there were 35,000 shares of common stock outstanding during the year.
Instructions:
Prepare an Income Statement and calculate earnings per share (EPS).
Step-by-step explanation: