Presented below are selected ledger accounts of Woods Corporation at December 31, 2019. Woods's effective tax rate

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Presented below are selected ledger accounts of Woods Corporation at December 31, 2019.

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Woods's effective tax rate on all items is 30%. A physical inventory indicates that the ending inventory is $686,000.
Instructions
Prepare a 2019 income statement for Woods Corporation.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

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

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