Catenas Marketing Company has the following adjusted trial balance at the end of the current year. Cash
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Catena’s Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below:
Prepare a multistep income statement in good form for the current year. Include the operating income subtotal and earnings per share (rounded to two decimal places).
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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