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Presented below are selected ledger accounts of Splish SA as of December 31, 2022. Cash €63,000 Administrative expenses 126,000 Selling expenses 100,800 Net sales 680,400 Cost of goods sold 327,600 Cash dividends declared (2022) 25,200 Cash dividends paid (2022) 18,900 Discontinued operations (loss before income taxes) 50,400 Depreciation expense, not recorded in 2021 37,800 Retained earnings, December 31, 2021 113,400 Effective tax rate 30% (a) Compute net income for 2022. Net income

Presented below are selected ledger accounts of Splish SA as of December 31, 2022. Cash €63,000 Administrative expenses 126,000 Selling expenses 100,800 Net sales 680,400 Cost of goods sold 327,600 Cash dividends declared (2022) 25,200 Cash dividends paid (2022) 18,900 Discontinued operations (loss before income taxes) 50,400 Depreciation expense, not recorded in 2021 37,800 Retained earnings, December 31, 2021 113,400 Effective tax rate 30% (a) Compute net income for 2022. Net income

FINANCIAL ACCOUNTING
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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i need Part B 

Presented below are selected ledger accounts of Splish SA as of December 31, 2022. Cash €63,000 Administrative expenses 126,000 Selling expenses 100,800 Net sales 680,400 Cost of goods sold 327,600 Cash dividends declared (2022) 25,200 Cash dividends paid (2022) 18,900 Discontinued operations (loss before income taxes) 50,400 Depreciation expense, not recorded in 2021 37,800 Retained earnings, December 31, 2021 113,400 Effective tax rate 30% (a) Compute net income for 2022. Net income
Transcribed Image Text:Presented below are selected ledger accounts of Splish SA as of December 31, 2022. Cash €63,000 Administrative expenses 126,000 Selling expenses 100,800 Net sales 680,400 Cost of goods sold 327,600 Cash dividends declared (2022) 25,200 Cash dividends paid (2022) 18,900 Discontinued operations (loss before income taxes) 50,400 Depreciation expense, not recorded in 2021 37,800 Retained earnings, December 31, 2021 113,400 Effective tax rate 30% (a) Compute net income for 2022. Net income
(b) Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per share information. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, eg. 1.58.) SPLISH SA Income Statement > > >
Transcribed Image Text:(b) Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per share information. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, eg. 1.58.) SPLISH SA Income Statement > > >
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