Knowledge King, Inc., reported the following items, listed in no particular order at December 31, 2010 (in

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Knowledge King, Inc., reported the following items, listed in no particular order at December 31, 2010 (in thousands):

Income tax of 30% applies to all items.
Prepare Knowledge Kings income statement for the year ended December 31, 2010. Omit earnings pershare.

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 03:56 AM

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Knowledge King, Inc., reported the following items, listed in no particular order at December 31, 2010 (in

Question:

Other gains (losses) Net sales revenue..184,000 Loss on discontinued 4,000 72,000 60,000 16,000 $(21,000) Extraordinary gain Cost of goods sold.. Operating expenses Accounts receivable. … … operations... 17,000

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Financial accounting

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