From the adjusted trial balance for Worker Products Company given below, a) prepare a multiple-step income statement b) determine the earnings per share if 40,550 shares were issued and were outstanding. 田 Worker Products Company Adjusted Trial Balance For the Year Ended December 31, 2019 (In thousands, except earnings per share) Delivery expense Depreciation sales equipment Depreciation office furniture and equipment Officers' salaries 2,690 6,480 3,960 4,900 Sales commissions 7,980 Interest expense Cost of goods sold 1,860 63,570 Income tax 7,580 Rent revenue 17,230 Sales Discounts 1,500 Sales Returns and Allowances 5,000 Sales revenue 102,500

From the adjusted trial balance for Worker Products Company given below, a) prepare a multiple-step income statement b) determine the earnings per share if 40,550 shares were issued and were outstanding. 田 Worker Products Company Adjusted Trial Balance For the Year Ended December 31, 2019 (In thousands, except earnings per share) Delivery expense Depreciation sales equipment Depreciation office furniture and equipment Officers' salaries 2,690 6,480 3,960 4,900 Sales commissions 7,980 Interest expense Cost of goods sold 1,860 63,570 Income tax 7,580 Rent revenue 17,230 Sales Discounts 1,500 Sales Returns and Allowances 5,000 Sales revenue 102,500

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Description: From the adjusted trial balance for Worker Products Company given below,a) prepare a multiple-step income statementb) determine the earnings per share if 40,550 shares were issued and were outstanding.Worker Products CompanyAdjusted Trial BalanceFor

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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Question

Practice Pack

OFFON

From the adjusted trial balance for Worker Products Company given below,
a) prepare a multiple-step income statement
b) determine the earnings per share if 40,550 shares were issued and were outstanding.
Worker Products Company
Adjusted Trial Balance
For the Year Ended December 31, 2019
(In thousands, except earnings per share)
Delivery expense
Depreciation sales equipment
Depreciation office furniture and equipment
Officers' salaries
2,690
6,480
3,960
4,900
7,980
1,860
Sales commissions
Interest expense
Cost of goods sold
63,570
Income tax
7,580
Rent revenue
17,230
1,500
5,000
102,500
Sales Discounts
Sales Returns and Allowances
Sales revenue

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