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Kwasi214
Kwasi214
17.04.2021 • 
Business

Cendant Corporation's results for the year ended December 31, 2021, include the following material items: Sales revenue $ 6,280,000 Cost of goods sold 3,630,000 Selling and administrative expenses 1,230,000 Loss on sale of investments 181,000 Loss on discontinued operations 493,000 Loss on impairment from continuing operations 62,000 1. Cendant Corporation's income from continuing operations before income taxes for 2018 is:.
2. Schneider Inc. had salaries payable of $61,000 and $90,600 at the end of 2017 and 2018, respectively. During 2018, Schneider recorded $620,300 in salaries expense in its income statement. Cash outflows for salaries in 2018 were:.
3. Howard Inc. had prepaid rent of $77,000 and $84,000 at the end of 2017 and 2018, respectively. During 2018, Howard recorded $242,000 in rent expense in its income statement. Cash outflows for rent in 2018 were:.
4. Martel Co. had supplies of $27,000 and $39,000 at the end of 2017 and 2018, respectively. During 2018, Howard paid $134,000 for supplies. Supplies expense in the 2018 income statement was:.

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