Rembrandt Paint Company had the following income statement items for the year ended December 3 1 ,
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Rembrandt Paint Company had the following income statement items for the year ended December $ in thousands:Sales revenue$ Cost of goods sold$ Interest revenueSelling and administrative expenseInterest expenseRestructuring costsIn addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $ million and a gain on disposal of the components assets of $ million. There were shares of common stock outstanding throughout Income tax expense has not yet been recorded. The income tax rate is on all items of income lossRequired:Prepare a multiplestep income statement for including EPS disclosures.Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to decimal places.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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