How much did Johnson and Johnson's earned revenues exceed its incurred expenses during the most recent reporting period (in millions)?

When salaries and wages expense for the year is computed, why are beginning accrued salaries and wages subtracted from, and ending accrued salaries and wages added to, salaries and wages paid during the year?

How do you find beginning retained earnings when the previous years earning was not given? Is there a formula for this?

The calculation of the times interest earned involves dividing net income by annual interest expense. net income plus income taxes by annual interest expense. net income plus income taxes and interest expense by annual interest expense. None of these answers are correct.

Need General Accounting Question solution

If I receive a return to work payment of $20,000 and it is classified under statory income. What difference would it make if this was classified under ordinary income?

Which of the following is business income for NOL purposes?    Interest earned on savings account.  Unemployment compensation.  Alimony received.  IRA distribution.

For each of the following items indicate if the expense is: A. An adjustment for AGI (above the line) B. Deduction from AGI(below the line/itemized deduction) C. Neither 1. Premiums paid on personal life insurance  2. State income taxes paid 3. Loss on sale of personal auto 4. Fees paid for tax return preparation  5. Federal income taxes paid 6. Contributions to Health Savings Account 7. Donations to Charity  8. Health insurance premiums paid by a self-employed individual 9. Interest paid on home mortgage indebtedness of $250,000 10. Union dues not reimbursed by an employer

How would I determine January's net income?

In the recent year Sheridan Company had net income of $207400, interest expense of $54000, and tax expense of $95000. What was Sheridan Company's times interest earned for the year? 4.8 3.8 5.6 6.6