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velikii [3]
3 years ago
9

Sheffield Corporation had net sales of $2,417,500 and interest revenue of $39,900 during 2020. Expenses for 2020 were cost of go

ods sold $1,462,200, administrative expenses $221,900, selling expenses $295,900, and interest expense $49,500. Sheffield’s tax rate is 30%. The corporation had 104,500 shares of common stock authorized and 70,380 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Sheffield Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)

Business
1 answer:
Paha777 [63]3 years ago
5 0

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

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What happens if you're not home to sign for a package?
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They take it back but they put their number in you house so when you get back you can call them and they will deliver the package
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Which of the following statements regarding supply chain customer service is most accurate?
IrinaVladis [17]

Answer:

d. Supply chains should consider the needs of consumers provided those needs are consistent with marketing strategies.

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In order for supply chain customer service to be effective, it is necessary to focus on customer needs and these needs must be aligned with the company's marketing strategies.

In other words, each stage of the supply chain must operate in an integrated manner, so that each process is synergistic and so that the final consumer can receive the product at the right time, in the right quantity and in the right quality. Therefore, supply chain management will improve each step of the process, guaranteeing the quality of the processes, the reduction of time, the reduction of costs and waste and ensuring the continuous improvement of the process, which will make the product go through each channel effectively, generating value and strengthening the relationship between the company and the consumer.

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What three words would you use to describe the culture you would foster at your company? explain why you chose each word to repr
VashaNatasha [74]

Transparent, involved, & Empathetic

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3 0
3 years ago
For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol
Veseljchak [2.6K]

Answer:

Income Tax Expense (Dr.) $49,080,000

Deferred Tax Liability (Cr.) $49,080,000

Explanation:

Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate

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Income Tax expense = $49,080,000

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3 years ago
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