the amount of income
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Consider the following given information below:
Total Income P1,321,000
Total Distribution Cost 268,900
Total Administrative Cost 250,200
Other Expenses 8,000
Interest Expense 9,000
Total Expenses 536,100
Income Tax Expense 235,500
What is the amount of income before tax to be reflected in the income statement?
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- Which of the following would appear on a multiple-step income statement but not on a single-step income statement? a. b. C. d. Net income Total expenses Total revenues Income before income taxesThe trial balance of Rollins Inc. included the following accounts as of December 31, 2021: Credits 5, 200, 000 36, 500 Debits Sales revenue Interest revenue Loss on sale of investments Loss on debt investments Gain on projected benefit obligation Cost of goods sold Selling expense Restructuring costs Interest expense General and administrative expense 20, 000 122, 000 225, 000 3,770,000 330,000 145, 000 10, 000 230, 000 The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required Prepare a 2021 single, continuous statement of comprehensive income for Rollins Inc. Use a multiple-step income statement format: (Amounts to be deducted should be indicated with a minus sien. Roind Earnings per share answer to 2 decimal places. ROLLINS INC Statement of…Use the table and find the income tax for an income of 279,000
- How to calcuate the taxes on the income statement under operating expense. Please provide an example. Using numbers from an income statement.Find operating income earnings before interest and taxes earnings before taxes income tax expensesCalculate the missing items in the income statement. Dollar amounts indicated are in thousands. The "Income Tax" field also includes interest expense and other income and losses. *ATTACHED IS THE CHART WITH THE INFORMATION*
- *. How much is the total gross income? * How much is regular itemized deductions from gross income? * How much is the special itemized deductions from gross income?Which of the following refers to the elements of Comprehensive Income? a) Net Income, Interest Payments and Income Tax Payments b) Retained Earnings and Other Comprehensive Income c) Net Income and Other Comprehensive Income d) Sales and Other Comprehensive Incomei. Using all relevant cells calculate the income tax expenses for each year. ii. . Using the correct function or formula calculate the net income.
- Sales tax payable, accounts payable, payroll liabilities and unearned revenue are all examples of: Group of answer choices long-term liabilities unknown liabilities current assets current liabilitiesCalculate net income (after tax) to the net salescompute for NOPAT or Net operating profit after tax Formula EBIT x (1-Tax Rate) Tax Rate basis PH Tax rate pic of tax rate is attached
