The Following Information For The Year Ending December 31 2015
The Following Information For The Year Ending December 31 2015
The Following Information For The Year Ending December 31 2015
2015 #6424
The following information for the year ending December 31, 2015, has been provided for Calle
Company.Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$530,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
...305,600Foreign translation adjustment (net of income taxes) . . . . . . . . . . . .. . . . . . . . .
...51,000Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .
76,200Extraordinary gain (net of income taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36,800Correction of inventory error (net of income taxes) . . . . . . . . . . . . . . . . . . . . . . . .
33,460General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
57,300Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .
20,100Gain on sale of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10,800Proceeds from sale of land at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.81,000Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .....
11,200Instructions:Prepare a statement of comprehensive income for Calle Company. View
Solution:
The following information for the year ending December 31 2015
ANSWER
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