E5-9 In its income statement for the year ended December 31,2008, Pele Company reported the following condensed
Question:
E5-9 In its income statement for the year ended December 31,2008, Pele Company reported the following condensed data.
Administrative expenses $ 435,000 Cost of goods sold 1,289,000 Interest expense 70,000 Interest revenue 28,000 Instructions
(a) Prepare a multiple-step income statement.
(b) Prepare a single-step income statement.
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Related Book For 
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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