Solution-Find transactions of dever corporation for the

Find transactions of dever corporation for the year ending

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Reference no: EM13513599

The events and transactions of Dever Corporation for the year ending December 31, 2012, resulted in the following data.

Cost of goods sold	$2,600,000
Net sales	4,400,000
Other expenses and losses	9,600
Other revenues and gains	5,600
Selling and administrative expenses	1,100,000
Income from operations of plastics division	70,000
Gain from disposal of plastics division	500,000
Loss from tornado disaster (extraordinary loss)	600,000

Analysis reveals that:

1. All items are before the applicable income tax rate of 30%.

2. The plastics division was sold on July 1.

All operating data for the plastics division have been segregated.

Reference no: EM13513599

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Find transactions of dever corporation for the year ending : The events and transactions of Dever Corporation for the year ending December 31, 2012, resulted in the following data.

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Find transactions of dever corporation for the year ending

Reference no: EM13513599

Reference no: EM13513599

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