Intermediate AccountingChapter 4Word文档下载推荐.docx
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40,000
Rent
25,000
Incometax
190,000
Totalexpensesandlosses
1,215,000
Netincome
365,000
Earningspershare
3.65
Exercise4-1（concluded）
Requirement2
Salesrevenue
750,000
Grossprofit
Operatingexpenses:
Rent
25,000
Totaloperatingexpenses
235,000
Operatingincome
515,000
Otherincome（expense）:
Interestrevenue
Interestexpense
（40,000）
Totalotherincome,net
40,000
Incomebeforeincometaxes
555,000
Incometaxexpense
3.65
Exercise4-2
THEAVINASHGROUP
StatementofIncomeandComprehensiveIncome（inpart）
INR
1,354,000
Othercomprehensiveincome（loss）:
Foreigncurrencytranslationgain,netoftax
140,000
Unrealizedlossesoninvestmentsecurities,
netoftax
（56,000）
Totalothercomprehensiveincome
84,000
Comprehensiveincome
1,438,000
StatementofComprehensiveIncome
Unrealizedlossesoninvestmentsecurities
Exercise4-3
lECOLECORPORATION
StatementofIncomeandComprehensiveIncome
2,400,000
1,400,000
1,000,000
Sellingandadministrative
450,000
550,000
Incomebeforeincometaxesandextraordinaryitem
510,000
Incometaxexpense*
153,000
Incomebeforeextraordinaryitem
Extraordinaryitem:
Gainonearlydebtextinguishment（netof120,000
taxexpense）
Netincome
Othercomprehensiveincome:
Unrealizedholdinggainsoninvestmentsecurities,
357,000
280,000
637,000
56,000
693,000
Earningspershare:
Extraordinarygain
0.36
0.28
0.64
*30%x510,000
Exercise4-4
LEDHASENCORPORATION
Rentalrevenue
80,000
2,480,000
1,200,000
Salaries
300,000
100,000
90,000
Lossonsaleofequipment
20,000
Lossfrominventorywrite-down
200,000
208,000
2,168,000
Lossfromflooddamage（netof48,000taxbenefit）
312,000
（72,000）
240,000
Extraordinaryloss
1.04
（.24）
.80
*40%x520,000
Exercise4-4（concluded）
FortheYearEndedDecember31,2006EUR
2,400,000
Depreciation
650,000
（20,000）
（90,000）
Totalotherincome（expense）,net
（30,000）
Incomebeforetaxesandextraordinaryitem
520,000
208,000
1.04
（.24）.80
Exercise4-5
ALIANTCOMPANY
PartialIncomeStatement
Incomefromcontinuingoperations
350,000
Discontinuedoperations:
Lossfromoperationsofdiscontinuedcomponent
（includinglossondisposalof400,000）*
（520,000）
Incometaxbenefit
Lossondiscontinuedoperations
（312,000）
38,000
3.50
Lossfromdiscontinuedoperations
（3.12）
.38
*Lossondiscontinuedoperations:
Lossonsaleofassets（400,000）
Operatingloss（120,000）
Totalbefore-taxloss（520,000）
Less:
Incometaxbenefit（40%）208,000
Net-of-taxloss（312,000）
Exercise4-6
FIGUROCORPORATION
600,000
320,000
280,000
Selling
67,000
Administrative
87,000
Restructuringcosts
55,000
209,000
71,000
Interestanddividends
32,000
（26,000）
6,000
77,000
Incometaxexpense*
30,800
Gainonearlydebtextinguishment（netof34,400
46,200
51,600
97,800
.46
.52
0.98
*40%x77,000
Exercise4-7
ESTRELLAENTERPRISES,INC.
FortheYearEndedDecember31,2006
400,000
（includingimpairmentlossof50,000）*
（195,000）
Incometaxbenefit
78,000
（117,000）
283,000
Operatingloss（145,000）
Impairmentloss（250,000-200,000）（50,000）
Netbefore-taxloss（195,000）
Incometaxbenefit（40%）78,000
Netafter-taxlossondiscontinuedoperations（117,000）
Lossfromoperationsofdiscontinuedcomponent*
（145,000）
Incometaxbenefit
58,000
（87,000）
313,000
*Includesonlytheoperatinglossduringtheyear.Thereisnoimpairmentloss.
Exercise4-8
ENRIQUESCOMPANY
Incomefromcontinuingoperations*
547,200
Incomefromoperationsofdiscontinuedcomponent
（includinglossondisposalof350,000）
150,000
Incometaxexpense
60,000
Incomeondiscontinuedoperations
90,000
Netincome
637,200
*Incomefromcontinuingoperations:
Incomebeforeconsideringadditionalitems1,000,000
Decreaseinincomeduetorestructuringcosts（88,000）
Before-taxincomefromcontinuingoperations912,000
Incometaxexpense（40%）（364,800）
Incomefromcontinuingoperations547,200
Exercise4-9
Thisisachangeinaccountingestimate.
Whenanestimateisrevisedasnewinformationcomestolight,accountingforthechangeinestimateisquitestraightforward.Wedonotrestateprioryears'
financialstatementstoreflectthenewestimate.Instead,wemerelyincorporatethenewestimateinanyrelatedaccountingdeterminationsfromthereon.Iftheafter-taxincomeeffectofthechangeinestimateismaterial,theeffectonnetincomeandearningspersharemustbedisclosedinanote,alongwiththejustificationforthechange.
Requirement3
850,000Cost
170,000Olda
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