Question

Each of the following is typically found on an Income Statement EXCEPT a. Cost of goods...

Each of the following is typically found on an Income Statement EXCEPT

a. Cost of goods sold

b. Interest expense

c. Shareholders equity

d. Depreciation

Homework Answers

Answer #1

­SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. All of the following items are found on a company's income statement EXCEPT: A Depreciation...
1. All of the following items are found on a company's income statement EXCEPT: A Depreciation Expense B Current Liabilities C Cost of Goods Sold D Bond Interest Expense 2. A convertible bondholder converts. Which of the following is reduced? A Current Assets B Total Liabilities C Net Worth D Retained Earnings 3. Over a period of 18 months, prices of goods and services increase by 4%, and market interest rates increase by 5%. This signals that the economy is...
2.Cost of goods is found on the: a.Balance sheet b. income statement c.Statement of retained earnings...
2.Cost of goods is found on the: a.Balance sheet b. income statement c.Statement of retained earnings d.none of the above 3. If Profit margin ratio is .10 and net income is 10, then shareholders equity is : A. 100 b. 80 c.60 d.Unble to determine from data given 4.If gross profit is 20 and net sales are 100 the gross margin ratio is: A .10 b .15 c. .20 d. .25 5. Sales less cost of goods sold yields a....
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of goods sold = $200,000; Depreciation expense = $30,000; Interest expense = $50,000; Tax rate = 20%; Dividends = $30,000. The firm issued $20,000 in new equity, and used the amount to redeem $20,000 in outstanding long-term debt. What is the Y2019 operating cash flow (OCF) of Minbari, Inc.? a. $230,000. b. $240,000. c. $250,000. d. $260,000.
Using the following information prepare a single and multistep income statement. Cost of goods sold $1680.00,...
Using the following information prepare a single and multistep income statement. Cost of goods sold $1680.00, General Expense $900.00, Interest Expense $420.00, Interest Income $180.00, Net sales $4,800.00, selling expense $1,110.00.
Cost of goods sold would NOT appear on the income statement of which of the following...
Cost of goods sold would NOT appear on the income statement of which of the following types of businesses? a. Merchandising Company b. Manufacturing Company c. All of the listed would have a cost of goods sold account d. Service Company
XYZ Inc. has the following income statement as of 2014. Sales$7,035,000 Cost of goods sold (5,875,000)...
XYZ Inc. has the following income statement as of 2014. Sales$7,035,000 Cost of goods sold (5,875,000) Other expenses (550,000) EBITDA 609,000 Depreciation (116,000) EBIT 492,000Interest expense (70,000)EBT 422,000Tax (40%) (169,000)Net Income $253,000 11. Calculate the Times-Interest-Earned (TIE) ratio of this company. If the industry average of this is 6.3x, what is your evaluation for this company’s TIE ratio? (Closest number) a. 6.2 times; good b. 6.2 times; bad c. 7.03times; good d. 7.03times; bad
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of goods sold = $200,000; Depreciation expense = $30,000; Interest expense = $50,000; Tax rate = 20%; Dividends = $30,000. The firm issued $20,000 in new equity, and used the amount to redeem $20,000 in outstanding long-term debt. What is the Y2019 cash flow to creditors of Minbari, Inc.? What is the Y2019 cash flow to stockholders of Minbari, Inc.? a. -$50,000. b. -$10,000. c....
An income statement consists of the following line items (in millions): Revenue 4,356 Cost of goods...
An income statement consists of the following line items (in millions): Revenue 4,356 Cost of goods sold 3,487 Operating expenses 428 Interest income 56 Interest expense 132 The firm pays no taxes. Prepare a reformulated income statement that distinguishes items involved in operations from those involved in financing activities.
    income statement Sales 205,000 cost of goods sold -97,000 salaries expense -24,000 depreciation expense -16,000...
    income statement Sales 205,000 cost of goods sold -97,000 salaries expense -24,000 depreciation expense -16,000 interest expense -2,400 loss on equipment disposal -2,500 net income 63,100 Statement of Retained Earnings Beginning Balance - Retained Earnings                   6,000 Plus - Net Income                 63,100 Less - Dividends (41,500) Ending Balance - Retained Earnings 27,600 Balance sheets 2018 2019 change Assets: Cash 13,000 64,600 51,600 Accounts Receivable 25,000 19,000 (6,000) Inventory 19,000 13,000 (6,000) prepaid expenses 0 0 0 Equipment 60,000 41,000 (19,000)...
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019 income statement: Sales = $480,000; Cost of goods sold = $200,000; Depreciation expense = $30,000; Interest expense = $50,000; Tax rate = 20%; Dividends = $30,000. The firm issued $20,000 in new equity, and used the amount to redeem $20,000 in outstanding long-term debt. What is the Y2019 net income of Minbari, Inc.? $160,000. $170,000. $180,000. $190,000.