Please do not give solution in image format thanku disclosure.Note: Round Earnings per share answer to 2 decimal places.KROEGER INCORPORATEDIncome StatementFor the Year Ended December 31, 2024Sales revenueCost of goods soldGross profitOperating expenses:Total operating expensesOperating incomeOther income (expense):Total other income, netIncome before income taxesEarnings per share$ 8,220,000(6,080,000)2,140,00002,140,0002,140,000 Sales revenueInterest revenueGain on sale of investmentsGain on debt securitiesLoss on projected benefit obligationCost of goods soldThe trial balance of Kroeger Incorporated included the following accounts as of December 31, 2024:Selling expenseGoodwill impairment lossInterest expenseGeneral and administrative expenseDebits$ 162,0006,080,000620,000490,00032,000520,000KROEGER INCORPORATEDIncome Statement.Credits$ 8,220,000OUT OF CARL62,000122,000141,000JUDITHThe gain on debt securities represents the increase in the fair value of debt securities and is classified acomponent of other comprehensive income. Kroeger had 300,000 shares of stock outstanding throughoutthe year. Income tax expense has not yet been recorded. The effective tax rate is 25%.Required:Prepare a 2024 multiple-step income statement for Kroeger Incorporated with earnings per sharedisclosure.Note: Round Earnings per share answer to 2 decimal places.Clic

A multi-step income statement is an income statement that segregates total revenue and expenses into…

disclosure. Note: Round Earnings per share answer to 2 decimal places. KROEGER INCORPORATED Income Statement For the Year Ended December 31, 2024 Sales revenue Cost of goods sold Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Earnings per share $ 8,220,000 (6,080,000) 2,140,000 2,140,000 2,140,000

disclosure. Note: Round Earnings per share answer to 2 decimal places. KROEGER INCORPORATED Income Statement For the Year Ended December 31, 2024 Sales revenue Cost of goods sold Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Earnings per share $ 8,220,000 (6,080,000) 2,140,000 2,140,000 2,140,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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