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Intermediate Financial Acc_FIN-3A_20251

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The non-controlling interest section of the income statement is shown
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Dodo. had the following account balances:

                  Sales revenue                          $  180,000

                  Cost of goods sold                         90,000

                  Salaries and wages expense           15,000

                  Depreciation expense                     30,000

                  Dividend revenue                             6,000

                  Utilities expense                             12,000

                  Rent revenue                                 30,000

                  Interest expense                            18,000

                  Sales returns                                  16,500

                  Advertising expense                        19,500

What amount would Dodo report as income from operations in its income statement?

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Use the following information (in thousands):

Revenues                                                        Rp1.600.000

Income from continuing operations         200.000

Net Income                                                       180.000

Income from operations                               440.000

Selling & administrative expenses              1.000.000

Income before income tax                             400.000

 

Determine the amount of discontinued operations.

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In which section of the income statement is interest expense reported?
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Comprehensive income includes all of the following except
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Dodo Company reported the following information for 2019:

Sales

revenue                                                                            $510,000

Cost

of goods sold                                                                       350,000

Operating

expenses                                                                       55,000

Unrealized

holding gain on available-for-sale securities                30,000

Cash

dividends received on the securities                                      2,000

For 2019,

Dodo would report

other comprehensive income of

0%
0%
0%
0%
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