The following is a partial trial balance for general lighting corporation as of december 31, 2021: account title debits credits sales revenue 2,850,000 interest revenue 90,000 loss on sale of investments 27,500 cost of goods sold 1,290,000 loss on inventory write-down (obsolescence) 300,000 selling expense 400,000 general and administrative expense 200,000 interest expense 89,000 there were 300,000 shares of common stock outstanding throughout 2021. income tax expense has not yet been recorded. the income tax rate is 25%. required: a) prepare a single-step income statement for 2021, including eps disclosures. b) prepare a multiple-step income statement for 2021, including eps disclosures.

Select the correct answer. the word intestate means that a person has died with or without a will?

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak