Intermediate Accounting P4-1

Dickinson Company Income Statement For the course of instruction end December 31, 2012 gross gross cut-rate sales revenue$25,000,000 less(prenominal): be of Goods Sold 16,000,000 Gross sugar $9,000,000 Operating Expenses adjoin: merchandising expenses and administrative expenes4,700,000 Income from trading operations $4,300,000 former(a) Revenes and Gains Gain on sale of invetmest 110,000 Add: Interest Revenue70,000 less(prenominal): Write off grace $(820,000) $(640,000) Income to begin with income levyation income $3,660,000 Income tax expenses $(1,244,000) Income from proceed operations leaving on proclivity of Wholesale variant 440,000 Loss on operations of the wholeale part ( crystallise income tax)90,000 $530,000 slight: Income before superior items1,886,000 Loss payable to outpouring damage $390,000 sugar income income $1,496,000 Earnings per share: Income from continuing operations (2,416,000-80,000/500,000) $4.67 Discontinued operations Less: Loss on operations, net of tax0.18 Less: Loss on disposal, net of tax0.88 $1.

06 Income before extraordinary item (1,886,000-80,000/500,000) $3.61 Extraordinary loss, net of tax $0.78 network income (1,496,000-80,000/500,000) $2.83 Dickinson Company carry Earnings Statement For the Year end December 31, 2012 Retained meshwork beg. balance $980,000 Add: Net income1,496,000 Reainted earnings, year end $2,476,000 Less: Dividends on prefered stock constitute $80,000 Less: Dividends on worldwide stock $250,000 $330,000 Net income for vulgar stock $2,146,000If you want to lounge about a full essay, impression it on our website: Ordercustompaper.com

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