Brief Exercise 4-2Brisky Corporation had net sales of $2,400,000.docx
1. Brief Exercise 4-2
Brisky Corporation had net sales of $2,400,000 and interest
revenue of $31,000 during 2014. Expenses for 2014 were cost of
goods sold $1,450,000; administrative expenses $212,000;
selling expenses $280,000; and interest expense $45,000.
Brisky’s tax rate is 30%. The corporation had 100,000 shares of
common stock authorized and 70,000 shares issued and
outstanding during 2014. Prepare a single-step income statement
for the year ended December 31, 2014.
(Round earnings per share to 2 decimal places, e.g. 1.48.)
BRISKY CORPORATION
Income Statement
For the Year Ended December 31, 2014
$
$
$
$
$
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Brisky Corporation had net sales of $2,400,000 and interest
revenue of $31,000 during 2014. Expenses for 2014 were cost of
5. goods sold...
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Brisky Corporation had net sales of $2,400,000and interest
revenue of $31,000during 2014. Expenses for 2014 were cost of
goods sold $1,450,000; administrative expenses $212,000;
selling …
7 years ago
BE 4-2 Brisky Corporation
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ACC 421 Week 2
BE4-2 Brisky Corporation
Brisky Corporation had net sales of $2,400,000and interest
revenue of $31,000during 2014. Expenses for 2014 were cost of
goods …
6 years ago
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