Yahool goid-soul la women\'s swi..shophearts Job Descrietion Cloud Bing Yahoo Go

Question

Yahool goid-soul la women's swi..shophearts Job Descrietion Cloud Bing Yahoo Google Wiaipeda Facebook Twiter inkedn The eaher Chnew Help Save& Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 (S in 000s: 24,000 Cost of gooda sold 13,500 3,100 1,400 260 Selling and adninistrative expenses Interest expense 0 Restructur ing costs In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.2 million and a gain on disposal of the component's assets of $3.2 million 600,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income Ossi Required Prepare a multiple-step income statement for 2018, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2018 Prev 1 of 15 Next MacBook Air 3

Explanation / Answer

Rembrandt paint company Income Statement For the year ended December 31 , 2018 in 000's Sales Revenue 24000 Cost of goods sold 13500 Gross profit 10500 Operating Expenses Selling and administrative 3200 Restructuring costs 1400 4600 Operating Income 5900 Interest income (Expenses) net (470-260) -210 Income from continuing operations before income taxes and extraordinary item 5690 Income tax expense 2276 Income from continuing operations before extraordinary item 3414 Discontinued operations: Income from operations of discontinued component 1000 Income tax expense 400 Income on discontinued operations 600 Income before extraordinary item 4014 Extraordinary gain 0 Net Income 4014 600 Shares Earnings per share Income from continuing operations before extraordinary item (3414/600) 5.69 Income from discontinued operations 1.00 Net Income 6.69

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

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