Can you help me figure out how to compute starting at question 2/ Selected account balances from the adjusted trial balance...
Can you help me figure out how to compute starting at question 2/
Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow.
|c.||Loss on sale of equipment||27,550|
|e.||Other operating expenses||108,100|
|g.||Gain from settlement of lawsuit||45,700|
|i.||Loss from operating a discontinued segment (pretax)||19,950|
|j.||Gain on insurance recovery of tornado damage (pretax and extraordinary)||30,820|
|m.||Correction of overstatement of prior year’s sales (pretax)||17,700|
|n.||Gain on sale of discontinued segment’s assets (pretax)||42,500|
|o.||Loss from settlement of lawsuit||25,450|
|p.||Income taxes expense||?|
|q.||Cost of goods sold||499,500|
|Section Break||Problem 13-6AA Income statement computations and format LO A2|
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