the golden books company accounting records include the following for 20×6 in thousa 4375760

The Golden Books Company accounting records include the following for 20X6 (in thousands): Other revenues………………………………………………………………….. $ 1,800 Income tax expense – extraordinary gain ……………………………. 500 Income tax expense – income from continuing operations…….. 2,800 Extraordinary gain …………………………………………………………….. 1,300 Sales revenue …………………………………………………………………….. 104,000 Total operating expenses…………………………………………………….. 97,900 Required 1. Prepare Golden Books’ single-step income statement for the year ended December 31, 20X6, including EPS. Golden Books had 1,600 thousand shares of common stock and no preferred stock outstanding during the year. 2. Assume investors capitalize Golden Books earnings at 7%. Estimate the price of 1 share of the company’s stock. View Solution:
The Golden Books Company accounting records include the following for

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