The following data were taken from the records of Amana Bread Corporation for the year ended October
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The following data were taken from the records of Amana Bread Corporation for the year ended October 31, 2008:
{Instructions}
1. Prepare a multiple-step income statement for the year ended October 31, 2008, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 80,000 and preferred dividends were \(\$ 16,000\). Assume that the gain on condemnation of land is an extraordinary item.
2. Prepare a retained earnings statement for the year ended October 31, 2008.
3. Prepare a balance sheet in report form as of October 31, 2008.obj. 5
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Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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