Aeropostale, Inc., is a mall-based specialty retailer of casual appar.pdf
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See picture 3 M Module 9 Graded Homework x M e05-11.mp4Created by Ca.pdf
Aeropostale, Inc., is a mall-based specialty retailer of casual appar.pdf
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adjusting entries affect what Affect only income statement accounts Only balance sheet accounts Both income statement and balance sheet accounts Only cash flow statement accounts Only equity accounts adjusting entries affect what Affect only income statement accounts Only balance sheet accounts Both income statement and balance sheet accounts Only cash flow statement accounts Only equity accounts Affect only income statement accounts Only balance sheet accounts Affect only income statement accounts Only balance sheet accounts Both income statement and balance sheet accounts Only cash flow statement accounts Only equity accounts Solution Adjusting entries affect what Both income statement and balance sheet accounts Note : Adjusting Entry affect both income statement and balance sheet accounts, Suposse , Accrued Wages is not been Recorded, than Adjusting Entry would increase Expenses & increase the liability which would affect both income statement and balance sheet accounts..
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Aeropostale, Inc., is a mall-based specialty retailer of casual appar.pdf
- Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company concept is to provide the customer with a focused selection of high-quality, active- oriented fashions at compelling values. The items reported on its income statement for a recent year (ended March 31) ane presented here (dollars in thousands) in alphabetical order: $ 1,151,349 Cost of goods sold Interest expense Net revenue Other selling, general, and administrative expenses Provision for income taxes Weighted average shares outstanding 680 1,955,531 394,883 95,387 60,832 Required: a. Prepare a multiple-step consolidated income statement with a presentation of basic earnings per share. (Enter your answers in thousands not in dollars. Round "Basic earnings per share" to 2 decimal places) AEROPOSTALE, INC. Consolidated Statement of Income For Year Ended March 31, Current Year (In Thousands Except Per Share Amounts) Net revenues $ 1,955,531 Cost of goods sold 1,151,349 Gross profit Other selling, general and administration expenses 804,182 394.883 Solution Everything is correct with the answer as per the details provided in the question there is nothoing wrong with the answer and if one point is wrong then how can the other points be correctParticularsAmountNet Revenue1955531Less: Cost of goods sold1151349Gross Profit804182Less: Other Selling and administration expenses394883Total Operating expenses394883Opertaing Income409299Interest Expense680Income before income taxes408619Provision for income taxes95387Net Income313232Basis Earning per share 5.15Weighted average shares outstanding60832