MULTIPLE-STEP INCOME STATEMENT The following information is available for Bergin Pastry Shop. Gross margin $30,700 Income from
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MULTIPLE-STEP INCOME STATEMENT The following information is available for Bergin Pastry Shop.
Gross margin $30,700 Income from operations 9,200 Income taxes expense (15% of income before taxes) ?
Interest expense 1,800 Net sales 80,300 Required:
Prepare a multiple-step income statement for Bergin.
Exercise
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