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15. Prepare a partial income statement, beginning with income before income taxes using the following information for Stone Corporation for the fiscal year ended December
15. Prepare a partial income statement, beginning with income before income taxes using the following information for Stone Corporation for the fiscal year ended December 31, 2020: Sales $720,000 80,000 180,000 400,000 25,000 Discontinued operation loss Operating expenses Cost of goods sold Loss on sale of land Stone Corporation is subject to a 30% income tax rate
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