Partial Income Statement (broken out by category
Income from Operations
Discontinued Operations
Loss from operation of discontinued restaurant division Net of Tax
Loss from disposal of restaurant division Net of Tax
Net Income/Loss
Earnings per share
Income from continuing operations
Discontinued Operations Net of Tax
Net income/loss
Earnings per share formula for income from continuing operations
Income from continuing operations - Preferred dividends / Weighted outstanding shares of common stock
Earnings Per Share - Discontinued Operations Net of tax Formula
Sum of loss from operation of discontinued division and Loss from Disposal of Division divided by average weighted shares of common stock
Net Income Formula
Income from operations + Gain on sale of plant assets - Interest Expense - Loss on discontinued operations
Comprehensive Income
Net Income + Unrealized Gain on AFS Investments
Retained earnings balance at EOY
Beginning Retained Earnings (First year of ops =0) + Net Income - Dividends
Preferred Stock
Stockholders' Equity
Goodwill
Intangible Asset (LT Asset)
Salaries and wages payable
current liability
Accounts Payable
Currently Liability
Buildings/Equipment/Land
PP&E (LT Asset)
Equity Investment (to be sold in next year)
Current Asset
Current maturity of long-term debt
Current Liability
Premium on bonds payable
LT liability
Allowance for doubtful accounts
current asset - contra
Accounts receivable
Current Asset
Notes payable (due next year)
current liability
supplies
current asset
common stock
stockholders' equity
Land
PP&E (LT Asset)
Bond sinking fund
investment
Inventory
current asset
prepaid insurance
current asset
bonds payable
LT liability
Income taxes payable
Current Liability
Retirement of bonds payable
Financing -
Interest paid to lenders
operating (included in net income) N/A
Increase in accounts payable
Operating +
Increase in inventory
Operating -
Purchase of long-term investment securities
investing -
Dividend revenue
operating (included in net income) N/A
Loss on sale of investment securities
operating +
Net income
Operating +
Repayments received on loan to Lannister Co.
Investing +
Issuance of common stock
Financing +
Proceeds from sale of equipment
Investing +
Gain on sale of equipment
operating -
Repurchase of common stock
Finance -
Exchange of common stock for land
N/A - Noncash N/A
Decrease in prepaid expenses
Operating +
Issuance of loan to lannister co
investing -
issuance of notes payable to bank
Financing +