User Account

All Pages

Prepare utech company income statement

Assignment Help Accounting Basics
Reference no: EM131561691

Question -

Utech Company has income before irregular items of $364,900 for the year ended December 31, 2014. It also has the following items (before considering income taxes): (1) an extraordinary fire loss of $46,400 and (2) a gain of $29,900 from the disposal of a division. Assume all items are subject to income taxes at a 38% tax rate.

Prepare Utech Company's income statement for 2014, beginning with "Income before irregular items.

Reference no: EM131561691

Questions Cloud

Discuss the two categories of spiritual gifts : Why are they given? Why are they significant? Be sure to discuss the two categories of spiritual gifts; use relevant Scripture and supporting sources.
Calculate the taxable equivalent yield for investment : Assume you are in the 33 percent tax bracket and purchase a 5.50 percent municipal bond. Calculate the taxable equivalent yield for this investment.
How far are the hinges from the far edge : The two sections of a folding door, hinged in the middle, are at right angles. If each section is 2.5 ft wide, how far are the hinges from the far edge.
Describe multiple solution concepts : Describe multiple solution concepts including the system described in your first submission and explain why the chosen system is superior.
Prepare utech company income statement : Prepare Utech Company's income statement for 2014, beginning with "Income before irregular items
How long are the guy wires : Two parallel guy wires are attached to a vertical pole 4.5 m and 5.4 m above the ground. They are secured on the level ground at points 1.2 m apart.
Explain qualifications of a deacon in willmingtons book : In at least 400 words list and explain the nine specific qualifications of a deacon in Dr. Willmington's book.
How long is the hallway : On a blueprint, a hallway is 45.6 cm long. The scale is 1.2 cm = 1.0 m.
Other assets and current liabilities remain constant : Airspot Motors, Inc. has $2,382,800 in current assets and $851,000 in current liabilities. assuming all other assets and current liabilities remain constant.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd