Presented below is the trial balance of Thompson Corporation at December 31, 2015. Instructions Prepare an income

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Presented below is the trial balance of Thompson Corporation at December 31, 2015.

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Instructions Prepare an income statement and a retained earnings statement. Assume that the only changes in retained earnings during the current year were from net income and dividends. Thirty thousand ordinary shares were outstanding the entire year.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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