At December 31, 2012, the following information was available from Kohl Co.'s accounting records: Cost Retail Inventory, 1/1/12 $147,000 $203,000 Purchases 833,000 1,155,000 Additional markups 42,000 Available for sale $980,000 $1,400,000 Sales for the year totaled $1,150,000. Markdowns amounted to $10,000. Under the lower-of-cost-or-market method, Kohl's inventory at December 31, 2012 was: A) $175,000. B) $182,000. C) $294,000. D) $168,000.

The following information relates to Hardin Limited's year-ended 31 December 2020: The statement of comprehensive income shows profit for the year of R154 000. The calculation of this profit included the following income and expenses: Impairment of building: R64 000 (before tax: R74 000) Profit on sale of plant: R23 200 (before tax: R32 000) • Inventory write-down: R10 000 (before tax: R15 000) • The statement of changes in equity reflected preference dividends of R3 450. 12 000 shares in issue throughout the year. Required: Calculate the basic earnings and the headline earnings and disclose the headline earnings per share for the year-ended 31 December 2020 The following information is provided for Present limited for the year ended 31 December 2020. Present Limited had basic earnings for 2020 of R520 000. This basic eamings figure was equal to its profit for the year. It had no components of other comprehensive income. Present Limited had 2 200 000 ordinary shares in issue throughout…

The following transactions for Fortitude Enterprises during the second quarter of 2024: Sales amounted to P5,000,000 and related cost of goods sold was P3,000,000 Selling expenses for the given period was P250,000. Depreciation is usually recorded at annual amount of P1,200,000. Real property taxes for the year in the amount of P600,000 were paid on April 1, 2024. An inventory loss arising from a temporary market decline of P400,000 had occurred on June 30, 2024. Ignoring income taxes, net income for the second quarter ending June 30, 2024 should be?

Presented below is information related to Anderson Company for 2022.  Sales revenue                                                                               25,000,000Cost of goods sold                                                                        16,000,000Interest expense                                                                          70,000Selling and administrative expenses                                            4,700,000Loss from write-off of goodwill.                                                     820,000Gain on the sale of investments                                                   110,000Loss due to flood damage                                                            390,000Loss on the disposition of the wholesale division                         8 00,000Loss on operations of the wholesale division                               150,000Dividends declared on ordinary shares                                        250,000Dividends declared on…

On January 1, 2018, UE Realty Company sold property carried in inventory at a cost of P1,312,710 for P2,100,000.  A 20% down payment was made and the balance payable in 4 equal installments of P420,000, payable semi-annually every June 30 and December 31.  Expenses related with sale, P100,000.  (Market rate of interest-12%). How much is the net income related with the installment sales for the year ended December 31, 2018?

The following information is related to Dickinson Company for 2020. Retained earnings balance, January 1, 2020 $  980,000 Sales revenue 25,000,000 Cost of goods sold 16,000,000 Interest revenue 70,000 Selling and administrative expenses 4,700,000 Write-off of goodwill 820,000 Income taxes for 2020 1,244,000 Gain on the sale of investments 110,000 Loss due to flood damage 390,000 Loss on the disposition of the wholesale division (net of tax) 440,000 Loss on operations of the wholesale division (net of tax) 90,000 Dividends declared on common stock 250,000 Dividends declared on preferred stock 80,000 Dickinson Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. Instructions Prepare a multiple-step income statement…

Ashavinbhai

The 2009 records of Coleman Company showed beginning inventory,$100,000; cost of goods sold, $450,000; and ending inventory, $80,000. Thepurchases for 2009 equal: A. $450,000 B. $410,000 C. $430,000 D. $420,000

Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000     1) Calculate the cash flow from assets 2) Calculate net capital spending 3) Calculate change in NWC    PLEASE TYPE AS OPPOSED TO WRITING ON PAPER. I MIGHT NOT UNDERSTAND THE HAND WRITING. PLEASE DO EACH QUESTION SEPARATELY. I HAVE ASKED THIS QUESTION MULTIPLE TIMES BECAUSE I COULD NOT UNDERSTAND THE RESPONSE. THANK YOU

An entity reported the following information for the year ended December 31, 2020: Sales 7,750,000 Cost of goods sold 2,400,000 Administrative expenses 700,000 Loss on sale of equipment 100,000 Sales commissions 500,000 Interest revenue 450,000 Freight out 150,000 Loss on early extinguishment of long-term debt 200,000 Doubtful accounts expense 150,000