can you help me figure out how to compute starting at question 2 selected account ba 496466
Can you help me figure out how to compute starting at question 2/
Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow.
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can you help me figure out how to compute starting at question 2 selected account ba 496466
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| Debit | Credit | ||||||||
| a. | Interest revenue | $ | 15,700 | ||||||
| b. | Depreciation expense Equipment. | $ | 35,700 | ||||||
| c. | Loss on sale of equipment | 27,550 | |||||||
| d. | Accounts payable | 45,700 | |||||||
| e. | Other operating expenses | 108,100 | |||||||
| f. | Accumulated depreciation Equipment | 73,300 | |||||||
| g. | Gain from settlement of lawsuit | 45,700 | |||||||
| h. | Accumulated depreciation Buildings | 177,900 | |||||||
| i. | Loss from operating a discontinued segment (pretax) | 19,950 | |||||||
| j. | Gain on insurance recovery of tornado damage (pretax and extraordinary) | 30,820 | |||||||
| k. | Net sales | 1,015,500 | |||||||
| l. | Depreciation expense Buildings | 53,700 | |||||||
| m. | Correction of overstatement of prior year s sales (pretax) | 17,700 | |||||||
| n. | Gain on sale of discontinued segment s assets (pretax) | 42,500 | |||||||
| o. | Loss from settlement of lawsuit | 25,450 | |||||||
| p. | Income taxes expense | ||||||||
| q. | Cost of goods sold | 499,500 | |||||||
|
|
|||||||||
references
| Section Break | Problem 13-6AA Income statement computations and format LO A2 |
1.
Problem 13-6AA Part 1
| Required: | |
| 1. |
Assume that the company s income tax rate is 40% for all items. Compute the tax effects and after-tax amounts of the four items labeled pretax. (Loss amounts should be indicated with a minus sign.) |
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- eBook: Appendix 13A: Sustainable Income
| Worksheet | Difficulty: Hard | |
| Problem 13-6AA Part 1 | Learning Objective: 13-A2 Appendix 13A Explain the form and assess the content of a complete income statement. |
2.
Problem 13-6AA Part 2
| 2.1 |
What is the amount of income from continuing operations before income taxes? |
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| 2.2 |
What is the amount of the income taxes expense? |
}uetr”:ontidaliValeabtTarst,”uetr”:ederswAnis,””””:ontiipcres_dab”t},:{2″_6,”0]:[7″_6,”llnu”:51″_l,ul:n6″_2,”{}”:32″_e,lsfa”:42″_1,:-0″_5,”-1″:24″_1,:-1″_3,”:05″”_0,”:_4,”seal:f8″_4,”{}”:37″_],8}27″:77″_2,:64″_3{“:[3″_2,”uetr”:45″_”,e1tlTiw%20Ne:”e”am”n],e}ru:t7″_4,”:14″_5,”[]”:33″_},6″”7″:c1,”0″16:”0″”c:{9″_1,””}24:”0″{“”:59″_],}]”}seonsprer%20beumeNylst:”7″”_},t”ghri:”8″_6,”uetr”:43″_”,ONTILUSO:”6″_7{“”:55″_},e}ru:t1″”_”,”%24″:81″_2,”:53″_e,ru:t3″_6{“”:55″_”,CYENRRCU:”3″_7{“”:29″_},”}:”9″_7,”0″5024″1″:75″_:{0″”_},”””:79″_”,)~42a(“~”:75″_:{6″_5,””}:”9″_7,””””:75″_:{0″_3{“”:_2{“”:20″_,{}}%3B”1)21,%2063%2017,13b(rg:%20orol-cndougrckba:”8″”_},)”11%2023,16,%2037(1gb”r”:_9,”N”IOSTUE”Q”:76″_:{5″_5,”}}”””:79″_”,seenxp%20eesax%20tmecoIn:”5″_7{“”:30″_:{2″”_:{0″_2{“[[“:13″_e,lsfa”:41″_},n”owpDro”d”:27″_1,:-5″_2,”{}”:75″_e,lsfa”:82″_:{8″_2,””””:22″_e,lsfa”:35″_e,ru:t6″_3,”{}”:55″_”,leab%20TedtltiUn:”9″_6,”:27″_1,”:18″_5{“:[5″_6{”
| 2.3 |
What is the amount of income from continuing operations? |
- eBook: Appendix 13A: Sustainable Income
| Worksheet | Difficulty: Hard | |
| Problem 13-6AA Part 2 | Learning Objective: 13-A2 Appendix 13A Explain the form and assess the content of a complete income statement. |
3.
Problem 13-6AA Part 3
| 3. |
What is the total amount of after-tax income (loss) associated with the discontinued segment? |
|
4. What is the amount of income (loss) before the extraordnary items? 5.What is the amount of net incme? |
eBook: Appendix 13A: Sustainable Income
| Worksheet | Difficulty: Hard | |
| Problem 13-6AA Part 3 | Learning Objective: 13-A2 Appendix 13A Explain the form and assess the content of a complete income statement. |
4.
Problem 13-6AA Part 4
| 4. | What is the amount of income (loss) before the extraordinary items? |
}uetr”:ontidaliValeabtTarst,”uetr”:ederswAnis,””””:ontiipcres_dab”t},:{2″_6,”0]:[7″_6,”llnu”:51″_l,ul:n6″_2,”{}”:32″_e,lsfa”:42″_1,:-0″_5,”-1″:24″_1,:-1″_3,”:05″”_0,”:_4,”seal:f8″_4,”{}”:37″_],9}36″:77″_2,:64″_3{“:[3″_2,”uetr”:45″_”,e1tlTiw%20Ne:”e”am”n],e}ru:t7″_4,”:14″_5,”[]”:33″_},6″”6″:c1,”1″26:”0″”c:{9″_1,””}24:”0″{“”:59″_],}]”}x%3B7p21:%20ftle%3B%20px%202p:to%3B%20px21:%20htighe%3B%20px64:%20thid”w”:_8,”e”nspoes%20rermbNulety”s”:_7,””}htig”r”:68″_e,ru:t3″_4,”N”IOUTOL”S”:76″_:{5″_5,”}}%24″:”1″_8,”:23″_5,”uetr”:63″_:{5″_5,”Y”NCREUR”C”:73″_:{9″_2,”}}”””:79″_”,809214:”5″_7{“”:_0,””}:”9″_7,”~”9)(4~a:”5″_7{“”:56″_},”””:79″_”,:”5″_7{“”:30″_:{2″”_:{0″_2{“},”})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac”b”:_8,””}1)21,%2063%2017,13b(rg:”9″”_”,ONTIESQU:”6″_7{“”:55″_},”}:”9″_7,”s”emity%20arinrdaotrexe%20oref%20bmecoIn:”5″_7{“”:30″_:{2″”_:{0″_2{“[[“:13″_e,lsfa”:41″_},n”owpDro”d”:27″_1,:-5″_2,”{}”:75″_e,lsfa”:82″_:{8″_2,””””:22″_e,lsfa”:35″_e,ru:t6″_3,”{}”:55″_”,leab%20TedtltiUn:”9″_6,”:27″_1,”:18″_5{“:[5″_6{“check my workreferencesebook & resources
- eBook: Appendix 13A: Sustainable Income
previous attempt
| Worksheet | Difficulty: Hard | |
| Problem 13-6AA Part 4 | Learning Objective: 13-A2 Appendix 13A Explain the form and assess the content of a complete income statement. |
5.value:
5.00 points
You did not receive credit for this question in a previous attempt
Problem 13-6AA Part 5
| 5. | What is the amount of net income for the year? |
}uetr”:ontidaliValeabtTarst,”uetr”:ederswAnis,””””:ontiipcres_dab”t},:{2″_6,”0]:[7″_6,”llnu”:51″_l,ul:n6″_2,”{}”:32″_e,lsfa”:42″_1,:-0″_5,”-1″:24″_1,:-1″_3,”:05″”_0,”:_4,”seal:f8″_4,”{}”:37″_],8}23″:77″_2,:64″_3{“:[3″_2,”uetr”:45″_”,e1tlTiw%20Ne:”e”am”n],e}ru:t7″_4,”:14″_5,”[]”:33″_},6″”8″:c1,”0″11:”0″”c:{9″_1,””}24:”0″{“”:59″_],}]”}x%3B5p10:%20ftle%3B%20px%202p:to%3B%20px21:%20htighe%3B%20px63:%20thid”w”:_8,”e”nspoes%20rermbNulety”s”:_7,””}htig”r”:68″_e,ru:t3″_4,”N”IOUTOL”S”:76″_:{5″_5,”}}%24″:”1″_8,”:23″_5,”uetr”:63″_:{5″_5,”Y”NCREUR”C”:73″_:{9″_2,”}}”””:79″_”,1879″8″:75″_:{0″”_},”””:79″_”,)~52a(“~”:75″_:{6″_5,””}:”9″_7,””””:75″_:{0″_3{“”:_2{“”:20″_,{}}%3B”1)21,%2063%2017,13b(rg:%20orol-cndougrckba:”8″”_},)”11%2023,16,%2037(1gb”r”:_9,”N”IOSTUE”Q”:76″_:{5″_5,”}}”””:79″_”,mecoint%20Ne:”5″_7{“”:30″_:{2″”_:{0″_2{“[[“:13″_e,lsfa”:41″_},n”owpDro”d”:27″_1,:-5″_2,”{}”:75″_e,lsfa”:82″_:{8″_2,””””:22″_e,lsfa”:35″_e,ru:t6″_3,”{}”:55″_”,leab%20TedtltiUn:”9″_6,”:27″_1,”:18″_5{“:[5″_6{“check my workreferencesebook & resources
- eBook: Appendix 13A: Sustainable Income
previous attempt
| Worksheet | Difficulty: Hard | |
| Problem 13-6AA Part 5 | Learning Objective: 13-A2 Appendix 13A Explain the form and assess the content of a complete income statement. |
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