50.1K
Verified Solution
Link Copied!
The following information is available from the accounting records of Manahan Company for the year ended December 31, 2022:
Net cash provided by financing activities | $ 116,000 |
Dividends paid | 19,500 |
Loss from discontinued operations, net of tax savings of $39,033 | 117,100 |
Income tax expense | 26,328 |
Other selling expenses | 14,700 |
Net sales | 646,100 |
Advertising expense | 45,400 |
Accounts receivable | 55,100 |
Cost of goods sold | 368,277 |
General and administrative expenses | 142,500 |
Required:
Calculate the operating income for Manahan Company for the year ended December 31, 2022.
Calculate the company's net income for 2022.
Calculate the operating income for Manahan Company for the year ended December 31, 2022.
|
| MANAHAN COMPANY | Operating Income Statement | For the year ended December 31, 2022 | | | | | | | | | | Expenses: | | | | | | | | | | | | | | | | | | | | | |
Calculate the company's net income for 2022.
Answer & Explanation
Solved by verified expert