MultipleStep and SingleStep Income Statements, and Statement of Comprehensive Income
On December Opgenorth Company listed the following items in its adjusted trial balance:
Loss from fire pretax $ General and administrative expenses $
Interest revenue Sales
Selling expenses Unrealized decrease in fair value of
Cost of goods sold availableforsale debt securities
Loss on sale of equipment pretax
Additional data:
Seven thousand shares of common stock have been outstanding the entire year.
The income tax rate is on all items of income.
Required:
Question Content Area
Prepare a multiplestep income statement. Round earnings per share to two decimal places.
OPGENORTH COMPANY
Income Statement
For Year Ended December Current Year
$ Select
Select
$ Select
Operating expenses
$ Select
Select
Select
$ Select
Other items
$ Select
Select
Select
Select
$ Select
Select
$ Select
Components of Income blank EPS
blank $ Select
Question Content Area
Prepare a singlestep income statement. Round earnings per share to two decimal places.
OPGENORTH COMPANY
Income Statement
For Year Ended December Current Year
Revenues
$ Select
Select
Total revenues $fill in the blank abefb
Expenses
$ Select
Select
Select
Select
Select
Select
Total expenses fill in the blank abefb
$ Select
Components of Income blank EPS
blank $ Select
Question Content Area
Prepare a statement of comprehensive income.
OPGENORTH COMPANY
Statement of Comprehensive Income
For Year Ended December Current Year
$ Select
Other comprehensive loss
Select
$ Select
