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4-54. Multiple-Step Income Statement Kimberly-Clark Corporation has many well-known products, including Kleenex and Huggies.Its 2000 annual report contained the following data and actual terms ($
4-54. Multiple-Step Income Statement Kimberly-Clark Corporation has many well-known products, including Kleenex and Huggies.Its 2000 annual report contained the following data and actual terms ($ in millions): $ 2,123 Cost of products sold Research expense Interest expense Interest and other income Gross profit $ 8,228 277 222 24 5,753 Advertising, promotion, and selling expense Provision for income taxes (income tax expense) General and other expense 758 720 Prepare a multiple-step statement of income
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