The following selected accounts from the Ayayai Corp.’s general ledger are presented below for the year ended December 31, 2017: Advertising expense $40,700 Interest revenue $22,200
Common stock 185,000 Inventory 49,580
Cost of goods sold 802,900 Rent revenue 17,760
Depreciation expense 92,500 Retained earnings 395,900
Dividends 111,000 Salaries and wages expense 499,500
Freight-out 18,500 Sales discounts 6,290
Income tax expense 51,800 Sales returns and allowances 30,340
Insurance expense 11,100 Sales revenue 1,776,000
Interest expense 51,800

Required:
Prepare a multiple-step income statement.

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.