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losstdr3ams
07.10.2020 •
Business
JDW Corporation reported the following for 20X1: net sales $2,929,500; cost of goods sold $1,786,995; selling and administrative expenses $585,900; unrealized holding loss on available-for-sale securities (considered other comprehensive income) $22,000; a positive foreign currency translation adjustment $26,250 (considered other comprehensive income); and an unrealized loss from pension adjustment (considered other comprehensive income) $7,000. JDW’s tax rate was 21%. Ignore income taxes related to amounts in other comprehensive income. Required: Prepare a multiple-step income statement and
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Ответ:
JDW Corporation
Income Statement
For the year ended December 31, 20x1
Sales revenue $2,929,500
Cost of goods sold ($1,786,995)
Gross margin $1,142,505
S&A expenses ($585,900)
Income from operations $556,605
Other comprehensive income:
Unrealized holding loss AFS securities ($22,000)Currency translation gain $26,250Unrealized loss from pension adjustment ($7,000) Total other comprehensive income/loss ($2,750)Net income before taxes $553,855
Ответ:
agreed
Explanation:
agreed