This paper circulates around the core theme of Greene Corporation had the information listed below available in preparing an income statement for the year ended December 31, 2014. All amounts are before income taxes. Assume a 30% income tax rate for all items Prepare a partial income statement, beginn together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Greene Corporation had the information listed
below available in preparing an income statement for the year ended December
31, 2014. All amounts are before income taxes. Assume a 30% income tax rate for
all items.
Sales $
800,000
Expropriation
of property by a foreign government (loss) $ (120,000)
Income
from operation of discontinued cement division $
100,000
Loss
from disposal of cement division $ (90,000)
Operating
expenses $
175,000
Gain
on sale of equipment $ 60,000
Cost
of goods sold $
420,000
