Financial Accounting: Tools for Business Decision Making, 8th Edition
8th Edition
ISBN: 9781118953808
Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Publisher: WILEY
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Chapter 13, Problem 13.2E
To determine
Statement of Comprehensive Income: Comprehensive Income Statement includes reporting of net income and other comprehensive income incurred during particular period. Comprehensive income includes unrealized holding gain or loss from available for sale securities and gains or losses from foreign currency translation.
To Prepare: partial statement of comprehensive income of T Corporation for the year ended December 31, 2017
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Se.27.
The following information was taken from the records of Tamarisk Inc. for the year 2020: Income tax applicable to income from
continuing operations $205,700: income tax applicable to loss on discontinued operations $28.050, and unrealized holding gain on
available-for-sale securities (net of tax) $16,500.
Gain on sale of equipment
Loss on discontinued operations
Administrative expenses
Rent revenue
Loss on write-down of Inventory
$104,500
(a)
82,500
264.000
44,000
66,000
Shares outstanding during 2020 were 100,000.
Cash dividends declared
Retained earnings January 1, 2020
Cost of goods sold
Selling expenses
Sales Revenue
$165,000
2.280,000
TAMARISK INC.
935,000
330,000
2,090,000
Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2
decimal places, e.g. 1.48.)
The following information was taken from the records of Blue Inc. for the year 2025: Income tax applicable to income from continuing
operations $228,140, income tax applicable to loss on discontinued operations $31,110, and unrealized holding gain on available-for-
sale debt securities (net of tax) $18,300.
Gain on sale of equipment
Loss on discontinued operations
Administrative expenses
Rent revenue
Loss on write-down of inventory
$115,900
91,500
292,800
48,800
73,200
Shares outstanding during 2025 were 100,000.
Cash dividends declared
Retained earnings January 1, 2025
Cost of goods sold
Selling expenses
Sales revenue
BLUE INC.
Income Statement
$
$183,000
$
3,000,000
1,037,000
Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal
places, e.g. 1.48. Enter other revenue and gains before other expenses and losses)
366,000
2.318.000
Chapter 13 Solutions
Financial Accounting: Tools for Business Decision Making, 8th Edition
Ch. 13 - Prob. 1QCh. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - Prob. 9QCh. 13 - (a) Distinguish among the following bases of...
Ch. 13 - Prob. 11QCh. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - Prob. 16QCh. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 22QCh. 13 - Prob. 13.1BECh. 13 - Prob. 13.2BECh. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Prob. 13.5BECh. 13 - Prob. 13.6BECh. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.9BECh. 13 - Prob. 13.10BECh. 13 - Prob. 13.11BECh. 13 - Prob. 13.12BECh. 13 - Prob. 13.13BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.15BECh. 13 - Prob. 13.1DIECh. 13 - Prob. 13.2DIECh. 13 - Prob. 13.3DIECh. 13 - Prob. 13.1ECh. 13 - Prob. 13.2ECh. 13 - Prob. 13.3ECh. 13 - Prob. 13.4ECh. 13 - Prob. 13.5ECh. 13 - Prob. 13.6ECh. 13 - Prob. 13.7ECh. 13 - Prob. 13.8ECh. 13 - Prob. 13.9ECh. 13 - Prob. 13.10ECh. 13 - Prob. 13.11ECh. 13 - Prob. 13.12ECh. 13 - Prob. 13.13ECh. 13 - Prob. 13.1APCh. 13 - Prob. 13.2APCh. 13 - Prob. 13.3APCh. 13 - Prob. 13.4APCh. 13 - Prob. 13.5APCh. 13 - Prob. 13.1EYCTCh. 13 - Prob. 13.2EYCTCh. 13 - Prob. 13.3EYCTCh. 13 - Prob. 13.4EYCTCh. 13 - Prob. 13.7EYCTCh. 13 - Prob. 13.8EYCTCh. 13 - Prob. 13.9EYCTCh. 13 - Prob. 13.1IFRS
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