INCOME STATEMENT sales cost of goods sold gross petit selling and administrative expenses amortization expenses operating expenses interest expenses earnings before taxes taxes earnings after taxes Rretered stock dividends earning available to common shareholder shares outstanding earnings per share pes; Retained earnings balance, January 1, 20xx Add; earnings available to common shareholders 20xx Deduct: cash dividends declared and paid in 20xx retained earnings balance, December 31, 20xx $ 4700000 2925000 1775000 630000 290000 855000 52,000 803000 390000 413000 50000 363000 226875 1.6 STATEMENT OF RETAINED EARNINGS FO THE YEAR ENDED DECEMBER 31, 2003 880000 363000 200000 1043000
INCOME STATEMENT sales cost of goods sold gross petit selling and administrative expenses amortization expenses operating expenses interest expenses earnings before taxes taxes earnings after taxes Rretered stock dividends earning available to common shareholder shares outstanding earnings per share pes; Retained earnings balance, January 1, 20xx Add; earnings available to common shareholders 20xx Deduct: cash dividends declared and paid in 20xx retained earnings balance, December 31, 20xx $ 4700000 2925000 1775000 630000 290000 855000 52,000 803000 390000 413000 50000 363000 226875 1.6 STATEMENT OF RETAINED EARNINGS FO THE YEAR ENDED DECEMBER 31, 2003 880000 363000 200000 1043000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...
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