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iren2701 [21]
2 years ago
15

Plano Co. 12/31/2021

Business
1 answer:
IrinaK [193]2 years ago
8 0

Answer:

A multiple-step income statement with earnings per share disclosure is made and attached with this answer in pdf format.

Explanation:

Multistep income statement prepared by calculating income in multiple steps

First gross income is calculated by deducting gross income from sales value.

Then operating income is calculated by deducting the total operating expenses from the gross profit.

The non-operating income and expenses are adjusted in the operating income to calculate the income before tax.

Then income tax is deducted to arrive at net income for the period.

The net income is dividend by the outstanding numbers of shares to calculate the earnings per share.

Download pdf
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The number-one cash crop in the united states was marijuana prior to 1890.
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3 years ago
To get a complete picture of your target market, you must do Question 2 options: door-to-door surveys. primary research. seconda
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Primary research To get a complete picture of your target market,
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2 years ago
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Knowledge Check 03 On January 5, 2015, Barnaby, Inc., purchased a patent costing $100,000 with a useful life of 20 years. The co
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Answer:

The journal entry is as follows:

Explanation:

January 5       Patent A/c..................Dr        $100,000

                             To Cash A/c............Cr           $100,000

As patent is purchased so asset is increasing and any increase in asset would be debited. Therefore, patent account is debited. And it is purchased against cash and decrease in asset is credited. Therefore, cash account is credited.

December 31    Amortization expense- Patent................Dr                $5,000

                                    To Accumulated Amortization- Patent........Cr      $5,000

Working Note:

Patent Cost is $100,000

Useful life is 20 years

Amortization expense = Patent Cost / Useful life of asset

                                     = $100,000 / 20

                                     = $5,000

7 0
3 years ago
Rosa was promoted to a management position from her specialist role. During her previous role, she gained firsthand experience o
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Answer: Implement teams to provide greater challenges for employees.

Explanation:

Rosa needs to form teams within the workers to reduce individuality and increase team corporation. In forming a team from employees which are specialists in several fields, a whole lot can be achieved as the different employees would contribute an aspect of their knowledge to the team success.

7 0
3 years ago
The Yamaha Aggressive Growth Fund has an expense ratio of 1.83 percent. If you invest $58,500 in this fund, what is the dollar a
astra-53 [7]

Answer:

$1070.55

Explanation:

Expense ratio is the fee charged by fund managers for managing your investment.

so if you invest $58,500 assuming no return this year, the fee deductible would be simply 1.83% of $58,500

This amounts to $1070.55

Hope this helps.

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3 years ago
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