DE 14-15 ETransmission Corporation accounting records include the following items, listed in no particular order, at December
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DE 14-15 ETransmission Corporation accounting records include the following items, listed in no particular order, at December 31, 20X3. Extraordinary gain Cost of goods sold Operating expenses. $ 5,000 71.000 Other gains (losses). Net sales revenue $ (2,000) 182,000 64,000 Loss on discontinued 19.000 operations........ (15,000) Accounts receivable Income tax of 35% applies to all items. Prepare ETransmission Corporation's income statement for the year ended December 31, 20X3. Use Exhibit 14-7. page 554, as a guide. Omit earnings per share,
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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