Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Dec 2017 My Price 9.00

Jones Company

The income statement of Jones Company for the year ended December 31, 2000 is shown at the top of the next page.

Required

a. Compute the net earnings remaining after removing nonrecurring items.

b. Determine the earnings (loss) from the nonconsolidated subsidiary.

c. Determine the total tax amount.

Revenue from sales

  

$790,000

Cost of products sold

  

410,000

Gross profit

  

380,000

Operating expenses:

    

Selling expenses

$ 40,000

  

General expenses

80,000

120,000

Operating income

  

260,000

Equity in earnings of non-consolidated

  

subsidiaries (loss)

  

(20,000)

Operating income before income taxes

240,000

Taxes related to operations

  

(94,000)

Net income from operations

  

146,000

Discontinued operations:

    

Loss from operations of discontinued segment

  

(less applicable income tax credit of $30,000)

$ (70,000)

  

Loss on disposal of segment (less applicable

  

income tax credit of $50,000)

(100,000)

(170,000)

Income before cumulative effect of change

  

in accounting principle

  

(24,000)

Cumulative effect of change in accounting principle

(less applicable income taxes of $25,000)

50,000

Net income

  

$ 26,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Dec 2017 08:12 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)
Relevent Questions