Accounting

P4-1 (A)| | | | Your answer is incorrect. | | | Information for 2010 follows for axial rotation Thunder Corp.: bear internet balance, January 1, 2010| | $| 2,030,000| gross sales for the year| | | 36,300,000| Cost of goods sell| | | 28,314,000| Interest revenue enhancement| | | 180,000| Selling and administrative expenses| | | 4,356,000| unrealized loss on investments designated finished OCI (before levy)| | | 360,000| Impairment of goodwill (not evaluate deductible)| | | 520,000| Income taxes for 2010| | | 1,232,000| Assessment for additional 2008 income taxes (normal, recurring)| | | 500,000| evolve on sale of investments (normal, recurring)| | | 120,000| discharge due to flood deterioration| | | 410,000| Loss on angle of inclination of assets of discontinued operation (net of tax $306,667)| | | 460,000| Operating loss for sweeping division (net of tax $46,667)| | | 70,000| Dividends declare on common shares| | | 250,000| Divid ends declare on preferred shares| | | 60,000| Instructions cycle per second all told entries to whole amounts, unless otherwise indicated. Round tax ordinate count to 0 decimal place, e.g. 20%. List eight-fold entries from largest to smallest amount, e.g. 10, 5, 2 or it will be considered incorrect.

For earnings per share, face a ban amount preceded by a negatively charged sign. neaten a multiple-step comprehensive income statement disclosing expenses by function. rolling jar Thunder decided to discontinue its entire wholesale trading operations and to keep its manufacturing operations. On September 15, it sold the wholesale operations to Dylane Corp. During 2010, there were 800,000 common shares outstanding all year. ! Include EPS calculation. gyre Thunder Corp.| Income Statement| For the Year Ended December 31, 2010| gross sales | | | | | $| | | Less | | | | | | | Gross profit | | | | | | | | Less | | | | | | | Income from operations | | | | | | | Other...If you poverty to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay