Problem 9-3 (IAA) Bangladesh Company provided the following information for the current year: Sales Cost of goods sold Distribution costs General and administrative expenses Interest expense Gain on early extinguishment of long-term debt Correction of inventory error, net of tax-credit Investment income Gain on expropriation Sales Cost of goods sold Foreign translation gain Selling expenses Unusual and infrequent gain Correction of inventory error 50,000,000 30,000,000 Administrative expenses Income tax expense Gain on sale of investment Proceeds from sale of land at cost Dividends paid 5,000,000 4,000,000 2,000,000 500,000 1,000,000 3,000,000 2,000,000 Income tax expense Dividends declared Required: Prepare an income statement for the current year. Problem 9-4 (IAA) Rosebud Company provided the following information for the current year: 5,000,000 2,500,000 5,000,000 2,800,000 Required: Prepare an income statement for the current year. 400,000 700,000 400,000 200,000 600,000 150,000 50,000 800,000 300,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Kindly provide the following requirement for people to problem 9-4.
Problem 9-3 (IAA)
Bangladesh Company provided the following information for
the current year:
Sales
Cost of goods sold
Distribution costs
General and administrative expenses
Interest expense
Gain on early extinguishment of long-term debt
Correction of inventory error, net of tax-credit
Investment income
Gain on expropriation
50,000,000
30,000,000
5,000,000
4,000,000
2,000,000
500,000
1,000,000
3,000,000
2,000,000
Sales
Cost of goods sold
Foreign translation gain
Selling expenses
Unusual and infrequent gain
Correction of inventory error
Administrative expenses
Income tax expense
Gain on sale of investment
Proceeds from sale of land at cost
Dividends paid
Income tax expense
Dividends declared
Required:
Prepare an income statement for the current year.
Problem 9-4 (IAA)
Rosebud Company provided the following information for
the current year:
5,000,000
2,500,000
5,000,000
2,800,000
400,000
700,000
400,000
200,000
Required:
Prepare an income statement for the current year.
600,000
150,000
50,000
800,000
300,000
Transcribed Image Text:Problem 9-3 (IAA) Bangladesh Company provided the following information for the current year: Sales Cost of goods sold Distribution costs General and administrative expenses Interest expense Gain on early extinguishment of long-term debt Correction of inventory error, net of tax-credit Investment income Gain on expropriation 50,000,000 30,000,000 5,000,000 4,000,000 2,000,000 500,000 1,000,000 3,000,000 2,000,000 Sales Cost of goods sold Foreign translation gain Selling expenses Unusual and infrequent gain Correction of inventory error Administrative expenses Income tax expense Gain on sale of investment Proceeds from sale of land at cost Dividends paid Income tax expense Dividends declared Required: Prepare an income statement for the current year. Problem 9-4 (IAA) Rosebud Company provided the following information for the current year: 5,000,000 2,500,000 5,000,000 2,800,000 400,000 700,000 400,000 200,000 Required: Prepare an income statement for the current year. 600,000 150,000 50,000 800,000 300,000
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