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3 years ago

Classify each of the statements as true or false.

Business

1 answer:

Tasya [4]3 years ago

7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

OLEGan [10]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

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3 years ago

Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen,

damaskus [11]

A . A programmed decision

5 0

2 years ago

Chloe makes $500 per week and spends all her income on books and tea. Books cost $25 each, and Chloe buys 16 each week. Tea cost

Marat540 [252]

Answer:

hi i reallly tried but dont want to give an answer that is wrong

plz forgive me

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Explanation:

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2 years ago

Minion, Inc., has no debt outstanding and a total market value of $211,875. Earnings before interest and taxes, EBIT, are projec

Troyanec [42]

Answer:

Please see attached.

Explanation:

a. Calculate earnings per share EPS under each of the three economic scenarios

a.2 Calculate the percentage changes in earnings per share EPS for economic expansion, or recession.

b-i calculate economic per share EPS, under each of the three economic scenarios after recapitalisation.

b-2 calculate the percentage changes in EPS when the economy enters or expand a recession assuming no recapitalisation occurred.

Please find attached detailed solution to the above questions.

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3 years ago

Mason Farms purchased a building for $689,000 and made repairs costing $136,000. The annual taxes on the property are $8,200. Th

ZanzabumX [31]

Answer:

$730,000

Explanation:

In the given question, the building was purchased and it repairs also. Plus, annual taxes are applicable to the property. The current market value and the book value of the building is also given in the question

For including the amount in the initial cash flow for the building project we consider the current market value of the building i.e $730,000. No other cost should be recognized

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3 years ago