ACC 557 Week 11 Chapter 14 Quiz( all possible questions) FOR MORE CLASSES VISIT www. acc557tutor. com
Exercise 14-13
Maulder Corporation has income from continuing operations of $ 264,100 for the year ended December 31, 2014. It also has the following items( before considering income taxes).
1. An extraordinary loss of $ 79,600. 2. A gain of $ 25,700 on the discontinuance of a division.
3. A correction of an error in last year’ s financial statements that resulted in a $ 16,600 understatement of 2013 net income.
Assume all items are subject to income taxes at a 33 % tax rate.
Prepare an income statement, beginning with income from continuing operations.
Problem 14-6A The comparative statements of Beulah Company are presented below. The common stock recently sold at $ 19.00 per share. Compute the following ratios for 2014. ===================================================
ACC 557 Week 11 Chapter 14 Quiz( all possible questions) FOR MORE CLASSES VISIT www. acc557tutor. com
ACC 557 Week 11 Chapter 14 Quiz( all possible questions)