Current Attempt in Progress Blue Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available for its 2024 year end: Performed $890,000 service revenue and paid $329,000 in salaries. Interest expense was $12,800. Paid dividends in December 2023 of $14,400 that had been declared in November 2023. On March 10, 2024, declared dividends of $22.000 payable April 30, 2024. Recorded and remitted income taxes of $163,000 (related to 2024 fiscal year) during the year. Issued common shares for $15,200 on January 31, 2024. Retained earnings balance on April 1, 2023 was $77,000. 1. 2 3. 4. 5. 6.

Current Attempt in Progress Blue Rides Inc. has a March 31, 2024, fiscal year end and a 35% income tax rate. The following information is available for its 2024 year end: Performed $890,000 service revenue and paid $329,000 in salaries. Interest expense was $12,800. Paid dividends in December 2023 of $14,400 that had been declared in November 2023. On March 10, 2024, declared dividends of $22.000 payable April 30, 2024. Recorded and remitted income taxes of $163,000 (related to 2024 fiscal year) during the year. Issued common shares for $15,200 on January 31, 2024. Retained earnings balance on April 1, 2023 was $77,000. 1. 2 3. 4. 5. 6.

Name: Question 3 of 29 Prepare an income statement.BLUE RIDES INC.Income
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Description: Question 3 of 29 Prepare an income statement.BLUE RIDES INC.Income StatementRecord the adjustment to income tax. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry beforeselect "N

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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