s****i
发帖数: 66 | 1 The following question is based on the following:
Vane Co.'s trial balance of income statement accounts for the year ended
December 31, Year 1, included the
following:
Debit Credit
Sales $575,000
Cost of sales $240,000
Administrative expenses 70,000
Loss on sale of equipment 10,000
Sales commissions 50,000
Interest revenue 25,000
Freight out 15,000
Loss on early retirement of long-term debt (unusual & infrequent item) 20,
000
Uncollectible accounts expense 15,000
Totals $420,000 $600,000
Other information
Finished goods inventory:
January 1, Year 1 $400,000
December 31, Year 1 $360,000
Vane's income tax rate is 30%.
In Vane's Year 1 multiple-step income statement, what amount should Vane
report as income from continuing
operations?
a. $126,000
b. $129,500
c. $140,000
d. $147,000
答案为C,就是把20,000加回来了，我不明白为什么不用Beg inventory和ending
inventory的信息把purchase算出来以后总数还减掉purchase呢？ | j******g
发帖数: 200 | 2 这是第几节的题目？题号是多少？这样看有点费劲，我刚刚做完第一章的题目，hehe
【在 s****i 的大作中提到】
: The following question is based on the following:
: Vane Co.'s trial balance of income statement accounts for the year ended
: December 31, Year 1, included the
: following:
: Debit Credit
: Sales $575,000
: Cost of sales $240,000
: Administrative expenses 70,000
: Loss on sale of equipment 10,000
: Sales commissions 50,000
| s****i
发帖数: 66 | 3 Becker 2011 Passmaster F1 topic 2 Income statement 18 of 52 or CPA 00070.就
是不知道为什么不把purchase算出来以后从所有的expense中再减掉。多谢！ | j******g
发帖数: 200 | 4 如果按照题目给的数字，600-420 =180， 180是income
但是这个income里面包含了extradinary items，loss： 20
题目问的是continuting operation income,不应该包括这个20，所以应该恢复，
加还是减要看是loss 还是gain，
true continuing operation income - 20 = 180
所以true continuing operation income = 200
希望说明白了 :)
【在 s****i 的大作中提到】
: Becker 2011 Passmaster F1 topic 2 Income statement 18 of 52 or CPA 00070.就
: 是不知道为什么不把purchase算出来以后从所有的expense中再减掉。多谢！
| j******g
发帖数: 200 | 5 btw，好像没看到和purchase相关的数字？
【在 s****i 的大作中提到】
: The following question is based on the following:
: Vane Co.'s trial balance of income statement accounts for the year ended
: December 31, Year 1, included the
: following:
: Debit Credit
: Sales $575,000
: Cost of sales $240,000
: Administrative expenses 70,000
: Loss on sale of equipment 10,000
: Sales commissions 50,000
| s****i
发帖数: 66 | 6 可以用题目给的已知BB of inventory and ending balance of inventory和cost of
sales求出purchase的值来，而题干中没给这项，所以我想是不是这个题的trick,但答
案并没包括purchase的值。 |
|
