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Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Selling and Administrative Expenses Income from Operations CRANE COMPANY Income Statement For the Year Ended December 31, 2025 22500000 14400000 8100000 4230000 i 3870000

Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Selling and Administrative Expenses Income from Operations CRANE COMPANY Income Statement For the Year Ended December 31, 2025 22500000 14400000 8100000 4230000 i 3870000

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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Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Selling and Administrative Expenses Income from Operations Other Revenues and Gains Interest Revenue Gain on the Sale of Investments Other Expenses and Losses Write-off of Goodwill Loss from Flood Damage Income before Income Tax Income Tax Income from Continuing Operations Discontinued Operations Loss from Operation of Wholesale Division Loss on Disposal of Wholesale Net Income/(Loss) Show Transcribed Text Earnings Per Share Income from Continuing Operations : Discontinued Operations Loss on Disposal of Discontinued Division Loss from Operations of Discontinued Division CRANE COMPANY Income Statement For the Year Ended December 31, 2025 Net Income/(Loss) $ 3 0.79 0.16 63000 99000 738000 351000 81000 396000 $ 22500000 14400000 4230000 i 8100000 1069000 3.65 3870000 0.95 i 2.69 162000 1119600 2943000 477000 i 1823400 1346400
Transcribed Image Text:Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Selling and Administrative Expenses Income from Operations Other Revenues and Gains Interest Revenue Gain on the Sale of Investments Other Expenses and Losses Write-off of Goodwill Loss from Flood Damage Income before Income Tax Income Tax Income from Continuing Operations Discontinued Operations Loss from Operation of Wholesale Division Loss on Disposal of Wholesale Net Income/(Loss) Show Transcribed Text Earnings Per Share Income from Continuing Operations : Discontinued Operations Loss on Disposal of Discontinued Division Loss from Operations of Discontinued Division CRANE COMPANY Income Statement For the Year Ended December 31, 2025 Net Income/(Loss) $ 3 0.79 0.16 63000 99000 738000 351000 81000 396000 $ 22500000 14400000 4230000 i 8100000 1069000 3.65 3870000 0.95 i 2.69 162000 1119600 2943000 477000 i 1823400 1346400
The following information is related to Crane Company for 2025. Retained earnings balance, January 1, 2025 Sales revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2025 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $882,000 22,500,000 14,400,000 63,000 4,230,000 738,000 1,119,600 99,000 351,000 396,000 81,000 225,000 72,000
Transcribed Image Text:The following information is related to Crane Company for 2025. Retained earnings balance, January 1, 2025 Sales revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2025 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $882,000 22,500,000 14,400,000 63,000 4,230,000 738,000 1,119,600 99,000 351,000 396,000 81,000 225,000 72,000
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