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maw [93]
3 years ago
13

The following information was taken from the records of Roland Carlson Inc. for the year 2020: income tax applicable to income f

rom continuing opera-tions $187,000, income tax applicable to loss on discontinued operations $25,500, and unrealized holding gain on available-for-sale debt securities (net of tax) $15,000.
Gain on sale of equipment $95,000
Cash dividends declared $150,000
Loss on discontinued operations 75,000
Retained earnings January 1, 2020 600,000
Administrative expenses 240,000
Cost of goods sold 850,000
Rent revenue 40,000
Selling expenses 300,000
Loss on write-down of inventory 60,000
Sales revenue 1,900,000
Shares outstanding during 2020 were 100,000

Required:
a. Prepare single -step income statement.
b. Prepare comprehensive income statement for 2020, using two statement format.
c. Prepare a retained earnings statement for 2020.
Business
1 answer:
Free_Kalibri [48]3 years ago
5 0

Answer: uhhh d

Explanation:

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What percentage of those over the age of 75 in the united states has never married?
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In the year 2000, the US census showed that 9.1% of those over 75 had not married so the percentage is relatively low and from 75-84 yrs old, about 50% were still married, 40% were widowed and 5.4 % were divorced.
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A therapist may encourage a client to change from thinking ""I totally failed my exercise training program"" to ""I fell short o
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5 0
3 years ago
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When an economist says that the demand for a product has increased, this means that: consumers are now willing to purchase more
Yuliya22 [10]
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8 0
3 years ago
Jones Company uses cost-plus pricing. Assume the company expects to sell 400 chairs. Average assets are $150,000. Variable costs
MA_775_DIABLO [31]

Answer:

Selling price per unit = $205

Explanation:

Provided that,

Desired profit = 30% of average assets

= $150,000 \times 30% = $45,000

Total units of chairs to be sold = 400

Variable cost total = 400 \times $70 = $28,000

Total Fixed cost = $9,000

Add: Desired Profit = $45,000

Total sales value shall be = $28,000 + $9,000 + $45,000 = $82,000

Thus selling price per unit = $82,000/400 = $205 per unit.

6 0
3 years ago
Competition between manufacturer brands and private distributor brands is becoming more intense in several major categories. Tru
Gennadij [26K]

Answer:

TRUE

Explanation:

Competition between the brands of production and private distributors in several important categories becomes more and more acute.

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7 0
3 years ago
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