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    F M C Quiz: Problem

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    Essam Al Bakry
    This document provides financial information for ABC Company to prepare an income statement including calculating earnings per share. It lists the company's sales at $800,000, shares outstanding at 100,000, and expenses including cost of goods sold, interest, selling and administrative, depreciation, preferred stock dividends, and taxes to complete the income statement calculations.

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    F M C Quiz: Problem

    Uploaded by

    Essam Al Bakry
    100 views2 pages
    This document provides financial information for ABC Company to prepare an income statement including calculating earnings per share. It lists the company's sales at $800,000, shares outstanding at 100,000, and expenses including cost of goods sold, interest, selling and administrative, depreciation, preferred stock dividends, and taxes to complete the income statement calculations.

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    Original Title

    Quiz Income Statement

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    This document provides financial information for ABC Company to prepare an income statement including calculating earnings per share. It lists the company's sales at $800,000, shares outstanding at 100,000, and expenses including cost of goods sold, interest, selling and administrative, depreciation, preferred stock dividends, and taxes to complete the income statement calculations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC or read online from Scribd
    Flag for inappropriate content
    Download as doc
    100 views2 pages

    F M C Quiz: Problem

    Uploaded by

    Essam Al Bakry
    This document provides financial information for ABC Company to prepare an income statement including calculating earnings per share. It lists the company's sales at $800,000, shares outstanding at 100,000, and expenses including cost of goods sold, interest, selling and administrative, depreciation, preferred stock dividends, and taxes to complete the income statement calculations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC or read online from Scribd
    Flag for inappropriate content
    Download as doc
    of 2

    FINANCIAL MANAGEMENT COURSE

    QUIZ
    Problem:

    Prepare in a good form an income


    statement for ABC Company.
    Complete your calculations until you
    calculate the earnings per share.

    Sales $
    800,000
    Shares outstanding 100,0
    00
    Cost of goods sold $
    300,000
    Interest expense $
    20,000
    Selling and Administrative $
    expense 40,000
    Depreciation expense $
    30,000
    Preferred stock dividends $
    80,000
    Taxes $
    110,000

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