BUS616sum2015

Jun 17th, 2015
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The trial balance for Domenico, Inc. as of December 31, 2014 is given below. Additional information: The restructuring liability is 60% current. The notes payable are due in 2018. The company accountant erroneously failed to record the expiration of prepaid insurance of $6,000. Noncontrolling interest in income is $12,500 No provision has been made for income taxes. Income tax expense is 30% of income from continuing operations before tax (round to nearest dollar). There were 100,000 common shares outstanding at all times during the year.

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