E 4.01 – Pandora Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given a year-end trial balance … calculate the operating income for the year.
Given a year-end trial balance … calculate the operating income for the year.
Prepare a single-step income statement, include EPS disclosures. 2. Prepare multiple-step statement, including EPS disclosures.
Prepare a single-step income for statement for 2021 and a multiple-step income statement for 2021, including EPS disclosures.
They give you a list of debit and credits and ask you to make a multiple-step statement of comprehensive income including EPS values.
Given an incorrect income statement along with a tax rate… prepare a multiple-step income statement for the year.
Make an income statement starting with income from continuing operations.
Given the income before taxes, the before-tax loss, the before-tax income from operations, restructuring costs, and income tax rate… prepare an income statement beginning with income from continuing operations.
They give you book value, fair value, before tax loss, tax rate, and after-tax income, they want you to make a partial income statement under two scenarios.
Given the net fair value, the pretax income from operations of the division, the pretax income from continuing operations, the income tax rate, and the net income… determine the book value of the division’s assets.
They give you the number of outstanding shares, the income from continuing operations, and the loss on discontinued operations and ask you to prepare the EPS presentation.