Hello, i just want to see if i got the right answer. Net income i got $896,000 and eps i got $.90 On December 31, 2012, Grant Williams Enterprises,…

Hello,

i just want to see if i got the right answer. Net income i got $896,000 and eps i got $.90

On December 31, 2012, Grant Williams Enterprises, Inc. (GWE) had income from continuing operations before taxes of $1,800,000. Additionally the following items occurred during 2012 which are not included in the $1.8 million number above:

a.    During 2012 the board of directors approved a formal plan to dispose of the governmental sales division (component) of its business. This component provided operating income of $80,000 before tax for 2012. The sale of the segment resulted in a loss on the sale in the amount of $400,000 before tax.

b.    On October 16, 2012, a volcano erupted in Missouri destroying GWE’s mid-western factory. The uninsured pre-tax loss was computed at $200,000.

GWE has an effective tax rate of 30% and one million shares of common stock outstanding during 2012.

Required: Prepare (in good form) a partial income statement for GWE for 2012 starting with income from continuing operations.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more