subject
Business, 22.10.2019 19:00 etwerner23

Oriole corp. has 149740 shares of common stock outstanding. in 2020, the company reports income from continuing operations before income tax of $1236100. additional transactions not considered in the $1236100 are as follows. 1. in 2020, oriole corp. sold equipment for $38200. the machine had originally cost $84000 and had accumulated depreciation of $33400. the gain or loss is considered non-recurring. 2. the company discontinued operations of one of its subsidiaries during the current year at a loss of $198300 before taxes. assume that this transaction meets the criteria for discontinued operations. the loss from operations of the discontinued subsidiary was $94900 before taxes; the loss from disposal of the subsidiary was $103400 before taxes. 3. an internal audit discovered that amortization of intangible assets was understated by $35500 (net of tax) in a prior period. the amount was charged against retained earnings. 4. the company recorded a non-recurring gain of $127900 on the condemnation of some of its property (included in the $1236100). analyze the above information and prepare an income statement for the year 2020, starting with income from continuing operations before income tax. compute earnings per share as it should be shown on the face of the income statement. (assume a total effective tax rate of 19% on all items, unless otherwise indicated.) (round earnings per share to 2 decimal places, e. g. 1.47.)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:50
The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300
Answers: 2
question
Business, 22.06.2019 14:50
Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)
Answers: 3
question
Business, 22.06.2019 20:00
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
Answers: 1
question
Business, 22.06.2019 20:50
Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3
Answers: 2
You know the right answer?
Oriole corp. has 149740 shares of common stock outstanding. in 2020, the company reports income from...
Questions
question
Mathematics, 11.10.2019 05:30
Questions on the website: 13722362