2nd problem Fitbit, Inc.. dollars. the following in for the n Receivable Cash (3

Question

2nd problem

Fitbit, Inc.. dollars. the following in for the n Receivable Cash (3anuary 1, 2016) Cash (October 1, 2016) Common Stock Equipment Office Expenses Income Tax Expense 461,400 79,900 664,500 673,110 831,200 255, 500 114,800 18,400 2,700 Inventories 215,100 53,800 263,200 260,400 504,91 86, 500 Operating Expenses Sales Revenue Supplies Cash received from issuing common stock Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Cash received from sale of 1ong-term assets Dividends paid to stockholders 66,980 524,790

Explanation / Answer

Fitbit Corp. Income statement For the nine months ended October 1, 2016    (in thousand dollars ) Sales 504,910 Less: Expenses Operating expenses - 263,200 Office expenses - 114,000 Advertising - 79,900 Interest expense - 2,700 Profit before tax 45,110 Less:income tax expense - 18,400 Net income 26,710 Fitbit Corporation Statement of retained earnings (In thousand dollars) Retained earnings as at January 1, 2016 260,400 Add: Net income 26,710 Less: Dividend paid 0 Retained earnings as at October 1, 2016 287,110

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.