Reference no: EM132648219
The following ?nancial information is related to Marigold Group, a service company.
Revenues €638,000
Income from continuing operations 86,000
Comprehensive income 103,200
Net income 7,400
Income from operations 139,200
Selling and administrative expenses 430,000
Income before income tax 12,000
Problem 1: Compute the following:
(a) Other income and expense 430000
(b) Financing costs € 86000
(c) Income tax 94600
(d) Discontinued operations 103200
(e) Other comprehensive income 25300
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Compute the discontinued operations
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Determine the cost that should be included in cost of goods
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How much is currently deductible
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