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Net Revenue: $3,538Cost of goods sold:$2,103Gross MargiinSelling & Administration Expenses: $1,090Interest Income: $568Interest expense: $197Earnings before income taxesIncome Taxes: $133Net EarningsEarnings per share: $1.86Shares used in calulating E.P.S
1)What principle requires corporations to divulge their revenue recognition policy?2)What is the amount of EBT?3)What type of business uses a multi-step income statement? Why?4)How many shares were used to calculate E.P.S.?5)What is the amount of Net Earnings?6)List 3 examples of selling and administrative expenses7)What is the amount of Gross Margin?8)What is the Gross Margin Percent?9)Is this a single-step or multi-step income statement? How do you know?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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