Hit The Order Button To Order A **Custom Paper**

>> CLICK HERE TO ORDER 100% ORIGINAL PAPERS FROM AustralianExpertWriters.com <<

28 Aug
2019

Zurich Limited is a private corporation | Good Grade Guarantee!

Zurich Limited is a private corporation reporting under ASPE. At December 31, 2014, its general ledger contained the following summary data: Cost of goods sold………………….$1,225,000 Interest expense…………………………35,000 Interest revenue…………………………12,500 Operating expenses…………………….210,000 Retained earnings, January 1…………..550,000 Sales………………………………….1,650,000 Additional information: 1. In 2014, common share dividends of $25,000 were declared on June 30 and December 31. The dividends were paid on July 8, 2014, and January 8, 2015, respectively. 2. The company s income tax rate is 20%. Instructions (a) Record the dividend transactions in 2014. (b) Determine income tax expense and prepare a multiple-step income statement for 2014. (c) Prepare a statement of retained earnings for 2014. Taking It Further Compare a statement of retained earnings with a statement of owner s equity.

QUALITY: 100% ORIGINAL – NO PLAGIARISM.

  • **REMEMBER TO PRECISE PAGE NUMBER**
  • Hit The Order Button To Order A **Custom Paper**

>> 100% ORIGINAL PAPERS FROM AustralianExpertWriters.com <<