Please help

profileVirgo41

Net Revenue: $3,538

Cost of goods sold:$2,103

Gross Margiin

Selling & Administration Expenses: $1,090

Interest Income: $568

Interest expense: $197

Earnings before income taxes

Income Taxes: $133

Net Earnings

Earnings per share: $1.86

Shares used in calulating E.P.S

 

1)What principle requires corporations to divulge their revenue recognition policy?

2)What is the amount of EBT?

3)What type of business uses a multi-step income statement? Why?

4)How many shares were used to calculate E.P.S.?

5)What is the amount of Net Earnings?

6)List 3 examples of selling and administrative expenses

7)What is the amount of Gross Margin?

8)What is the Gross Margin Percent?

9)Is this a single-step or multi-step income statement? How do you know?

 

    • 8 years ago
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