PLEASE HELP I have a teacher who teaches us nothing and Ive

PLEASE HELP. I have a teacher who teaches us nothing and I\'ve been struggling to figure out how to complete the statements with the book for weeks. I\'m also confused on how I\'m suppossed to include earnings per share on the income statement. I posted the trial balance once above and once below in case it helps

Using the data for Brady and Co. provided in the sheet labeled \"Trial Balance\" prepare:
Balance Sheet - comparative, classified in proper format for fiscal years 2015 and 2016
Income Statement - multiple-step for fiscal years 2015 and 2016. Include earnings per share data.
Statement of Retained Earnings for 2016.
Use separate sheets, appropriately named, for each financial statement in good form.
List 5 notes that would be required if you were also preparing the notes to these financial statements.
Do not prepare the notes, just briefly list the accounts, etc. for which GAAP would require disclosure
based on Brady\'s financial statements.
Brady and Co List of Accounts from General Ledger in Alphabetical Order December 31, 2016 (thousands of dollars) 15 Cr l13r Cr 210 1079 83 Accounts Pavable Accounts Receivable Accrued Liabilities Other Accrued Pension Liabilities Accrued Restructuring Chan 7 2943,125 3,245,967 721,358 650,216 Wages and Commissions 364 621,236 Accumulated Other Comprehensive Income (Loss Accumulated Depreciation Property, Plant & Equipment 802,316 402,634 Additional Paid-in Capital, Preferred Stock Allowance for Doubtful Accounts 244,563 249,046 401,236 Cash and Cash Equivalents Common Stock (S1.00 par value) authorized 900 million shares 284,000 issued 300 million shares in 2016, 284 million in 2015 Cost of Goods Sold 3,000,235 2,763,584 720,125 849869 Deferred Tax Assets (current 440,263 Depreciation Ex Dividends- Common Dividends Preferred se 292,351 1,732,429 3,212,491 1,459,695 3,212 491 Goodwill and Other Intangibles Income Taxes Pavable Interest Expense nterest Income Investments in unconsolidated affiliated companies nventories 246,002 102,563 1235,000 163,214 3,702,700 7,453 900 3,223,713 Preferred Stock ($10 par value) authorized 10 million shares 900 issued 90,000 shares in 2016, 90,000 in 2015 Property Plant and Equipment Provision for income taxes 2,943,216 245,105 3,936,726 496,597 255,013 Restructuring Char Ret ained Earnings, beginning 2,960,256 8,430,061 5,173,286 Short-term Investments Treasury Stock, at cost 117,156,719 shares in 2016 4,472,969 4,263,984 and 108,822,953 shares in 2015 456,325 22,443,269 22,443,269 423,689 23,382,838 23,382,838 Unearned Revenues Net Income (loss Weighted average number of common shares: FY 2016 08,448,076 shar 210,348,076 shares FY 2015 Basic 218,464,140 shares

Solution

0.014 0.07

  

Income statement for the year ended 31st Dec 2016
Particulars Amount (2016) Amount (2015)
Revenue from operations              84,30,061                  65,26,967
Other income                    10,126                        18,227
             84,40,187                  65,45,194
Cost of materials sold 30,00,235 27,63,584
Depreciation exp                3,07,200                    3,11,236
Finance cost                2,01,366                    2,50,000
General & admin exp              17,32,429                  14,59,695
Selling                    19,365                        58,890
Net profit/(loss) from continued operations              31,79,592                  17,01,789
Income from discontinued operations                    28,100                          7,453
Provision for income tax 2,45,105 2,01,636
Net profit/(loss) for the year             29,62,587                 15,07,606
Basic EPS
(29,62,587/208,448,076) 0.014 0.007
Diluted EPS 29,62,587/210,348,076)

0.014 0.07

  

(
Balance sheet as on 31st Dec 2016
Partculars Amount (2016) Amount (2015)
Equity & Liabilities
Shareholders equity
Share capital 299379 299379
Reserves & surplus
a) retained earnigs     2,960,256
b) C.Y proft                     29,62,587 3256513 2960256
Non current liabilties;
Bonds 2,44,563 2,49,046
Long term debt 3223713 3702700
Dffereed tax liability     229,000 4,40,263
Long term provisions 802316 402634
Assets
Tangible assets      29,43,216
less: Accumulated dep     -18,29,634           11,13,582              19,36,727
Intangible assets 32,12,491 32,12,491
Non current asstes        12,35,000 14,56,896
Trade receivables 14,56,896 32,45,967
Inventory 163214 2,24,561
cash & cash equivale 401236 7,51,329
PLEASE HELP. I have a teacher who teaches us nothing and I\'ve been struggling to figure out how to complete the statements with the book for weeks. I\'m also c
PLEASE HELP. I have a teacher who teaches us nothing and I\'ve been struggling to figure out how to complete the statements with the book for weeks. I\'m also c
PLEASE HELP. I have a teacher who teaches us nothing and I\'ve been struggling to figure out how to complete the statements with the book for weeks. I\'m also c

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