Bramble Corp.'s adjusted trial balance at December 31, 2023, included the following: Debit Credit Sales Revenue $173000 Cost of Goods Sold $73000 Administrative Expenses 30400 Loss on Disposal of Equipment 10800 Sales Commission Expense 9600 Interest Income 6100 Loss from Flood Damage 14100 Loss from Discontinued Operations 25500 Credit Losses 7900 Totals $171300 $179100 Bramble uses the perpetual system, and their income tax rate is 30%. On Bramble's multiple-step income statement for 2023, income from continuing operations is ○ $50800. ○ $17885. ○ $23310. ○ $25550.
Bramble Corp.'s adjusted trial balance at December 31, 2023, included the following: Debit Credit Sales Revenue $173000 Cost of Goods Sold $73000 Administrative Expenses 30400 Loss on Disposal of Equipment 10800 Sales Commission Expense 9600 Interest Income 6100 Loss from Flood Damage 14100 Loss from Discontinued Operations 25500 Credit Losses 7900 Totals $171300 $179100 Bramble uses the perpetual system, and their income tax rate is 30%. On Bramble's multiple-step income statement for 2023, income from continuing operations is ○ $50800. ○ $17885. ○ $23310. ○ $25550.
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 30CE
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Transcribed Image Text:Bramble Corp.'s adjusted trial balance at December 31, 2023, included the following:
Debit
Credit
Sales Revenue
$173000
Cost of Goods Sold
$73000
Administrative Expenses
30400
Loss on Disposal of Equipment
10800
Sales Commission Expense
9600
Interest Income
6100
Loss from Flood Damage
14100
Loss from Discontinued Operations
25500
Credit Losses
7900
Totals
$171300
$179100
Bramble uses the perpetual system, and their income tax rate is 30%.
On Bramble's multiple-step income statement for 2023, income from continuing operations is
○ $50800.
○ $17885.
○ $23310.
○ $25550.
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