Business, 19.09.2019 04:20 Alisewilcox
Selected information taken from the financial statements of verbeke co. for the year ended december 31, 2019, follows: gross profit $411,000 general and administrative expenses 84,000 net cash used by investing activities 104,000 dividends paid 54,000 interest expense 62,000 net sales 743,000 advertising expense 76,000 accounts payable 100,000 income tax expense 80,000 other selling expenses 43,000 required: a. calculate income from operations (operating income) for the year ended december 31, 2019. b. calculate net income for the year ended december 31, 2019.
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Business, 22.06.2019 01:30, rachelkim999
Diversity is an obstacle all marketers face: true false
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Business, 22.06.2019 05:40, Jenan25
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
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Selected information taken from the financial statements of verbeke co. for the year ended december...
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