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Bramble Corporation had net sales of $2,401,300 and interest revenue of $36,200 during 2017. Expenses for 2017 were cost of goods sold $1,460,400, administrative expenses
Bramble Corporation had net sales of $2,401,300 and interest revenue of $36,200 during 2017. Expenses for 2017 were cost of goods sold $1,460,400, administrative expenses $214,900, selling expenses $287,300, and interest expense $50,800. Brambles tax rate is 30%. The corporation had 103,300 shares of common stock authorized and 73,710 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Bramble Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Briet Exercise 4-3 Bramble Corporation had net sales of $2,401,300 and interest revenue of $36,200 during 2017. Expenses for 2017 were cost of goods sold $1,460,400, administrative expenses $214,900, selling expenses $287,300, and interest expense $50,800. Bramble's tax rate is 30 The corporation had 103,300 shares of common stock authorized and 73,710 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Bramble Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) BRAMBLE CORPORATION Income Statement For the Year Ended December 31, 2017 Revenues 2401300 Cost of Goods Sold 1460400 Gross Profit/ (Loss) opStep by Step Solution
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