Naboo Manufacturing 2019 Balance Sheet Cash Inventories Accounts Receivable Net Fixed Assets Total Assets Interest Earnings Before Tax Taxes Net Income (Earnings After Tax) 10,000 15,000 5,000 30,000 Dividends Retained Earnings 50,000 Naboo Manufacturing 2019 Income Statement Sales 30,000 COGS 15,000 S, G & A 10,000 EBIT 5,000 2,000 3,000 80,000 1,200 1,800 540 1,260 Accounts Payable Notes Payable Long-Term Debt Common Stock ($1 par) Retained Earnings Total Equity Total Liabilities + Owner's Equity 5,000 5,000 10,000 20,000 45,000 5,000 50,000 80,000

Naboo Manufacturing 2019 Balance Sheet Cash Inventories Accounts Receivable Net Fixed Assets Total Assets Interest Earnings Before Tax Taxes Net Income (Earnings After Tax) 10,000 15,000 5,000 30,000 Dividends Retained Earnings 50,000 Naboo Manufacturing 2019 Income Statement Sales 30,000 COGS 15,000 S, G & A 10,000 EBIT 5,000 2,000 3,000 80,000 1,200 1,800 540 1,260 Accounts Payable Notes Payable Long-Term Debt Common Stock ($1 par) Retained Earnings Total Equity Total Liabilities + Owner's Equity 5,000 5,000 10,000 20,000 45,000 5,000 50,000 80,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 18E

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