What is the net income for block corporation

Assignment Help Financial Accounting
Reference no: EM131215901

The following financial information was summarized from the accounting records of Block Corporation for the current year ended December 31 Software Division Hardware Division Corporate Total Cost of goods sold $47,162 $30,123 Direct operating expenses $27,447 $22,499 Net sales $91,349 $67,909 Interest expense $2,152 General overhead $19,401 Income tax $4,190 What is the net income for Block Corporation?

Reference no: EM131215901

Questions Cloud

Create a system using dasylab which produces the fourier : Create a system using DASYLab which gives you the sum of the first n sinusoidal signals (n = 1,2,3,....9) as in Illustration 27
Advanced financial advice : Advanced Financial Advice (AFA) F/601/2808. You should familiarise yourself with this fact find prior to sitting the March 2016 examination. The March 2016 examination paper will be based upon this fact find
What was the general response to galileos publishing : What was the general response to Galileo's publishing of his findings? Galileo's finding were controversial for several reasons, the first having to do with the actual use of the spyglass, identify at least three reasons why it was controversail.
Decide on the best option for solving the problem : Generate options for solving the problem in the scenario. Evaluate the options for solving the problem. Decide on the best option for solving the problem.
What is the net income for block corporation : The following financial information was summarized from the accounting records of Block Corporation for the current year ended December 31 Software Division Hardware Division Corporate Total Cost of goods sold $47,162 $30,123 Direct operating expense..
What was the implication of the given verification : What was the implication of this verification? What is the significance of the anagram "the mother of love [Venus] emulates the figures of Cynthia [the moon].". (Galileo, 107).
Discuss the effects of your own enculturation : Identify (3) three premises (reasons) from the Procon.org website that support your position and explain why you selected these specific reasons. Explain your answers to the "believing" questions about the three (3) premises opposing your posi..
What is the common organization problem you are presenting : What is the common organization problem (need) you are presenting? How do your uploaded images, video, and/or animation represent your stated need?
Required to publish annual financial statements : Public companies are required to publish annual financial statements. Suggest the major benefits of companies making financial statement information available to employees. Briefly explain generally accepted accounting principles (GAAP), and describe..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate chipco total foreign tax credit

Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%. Calculate Chipco’s total foreign tax credit..

  Average cost method is used what would be conversion cost

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,087. Of the $13,087, $8,220 was for material and $4,867 was for conversion costs. If the average cost method is used what would be..

  Headsmart manufactures headphone casesnbsp during september

headsmart manufactures headphone cases.nbsp during september 2011 the company produced 106000 cases and recorded the

  Prepare entries for sloan systems to record the transactions

Sloan Systems sells voice mail systems to small businesses. During 2009, Sloan engaged in the following activities involving notes receivable. Prepare entries for Sloan Systems to record these transactions.

  Evaluate the amount of gross income

Evaluate the amount of gross income to be recognized from the installment sale in 2013, 2014, 2015, and 2016 using point of delivery revenue recognition.

  Questionmichael and andrea are equal partners in the

questionmichael and andrea are equal partners in the accrual basis am partnership. at the starting of the current year

  Prepare cost of goods sold section for year ending

The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $19,500; Purchases $151,500; Sales Revenue $196,000; Freight-In $4,300; Prepare a cost of goods sold section for the year endin..

  Adopter present its statement of financial position

How did First-time adopter decide to present its income statement? What alternative option did they have? How did First-time adopter present its statement of financial position? Are alternatives available and if so what are they? How did First-time a..

  Prepare the journal entry for transaction

S W Metals Corporation issues 1,000 shares of $100 par common stock for equipment. Prepare the journal entry for this transaction

  Question 1below is the stockholders equity section of

question 1below is the stockholders equity section of mission company. use this information to answer the following

  How exchange rates should have affected the different types

Given the discussion of the movements of the U.S. dollar, Japanese yen, and British pound against the euro in 2002-2004, what is your guess on how exchange rates should have affected the different types of exposure

  Construct a table showing your calculations of net cash flow

Construct a table showing your calculations of net cash flow after tax (NCFAT). Use the method shown in lectures and notes. Calculate the NPV. Is the project acceptable? Why or why not?

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!

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