Page 656 - Auditing Standards
P. 656
As of December 15, 2017
Common Stock to Be 3,250,000 shares *
Outstanding..............
Use of To repay indebtedness incurred
Proceeds......................................... for the acquisition of the
Company.
Proposed NASDAQ ABC
Symbol......................
Summary Financial
Information
(In thousands,
except per-share
data)
XYZ (Predecessor ABC Company
Company) Year Ended
Year Ended December 31,
December 31,
Income Statement 19X1 19X2 19X3 19X4 19X5
Data
Revenue from $106,603 $88,970 $104,110 $115,837 $131,032
home sales
Gross profit 15,980 21,138 23,774 17,099 22,407
from sales
Income from 490 3,473 7,029 1,000 3,425
home
building net of tax
Earnings per — — — — $ 1.37
share
Example I: Alternate Wording When Accountants' Report on Audited Financial
Statements Contains an Explanatory Paragraph
653
