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Can you help me to solve those two questions? Tempe Corporation's capital structure consists of 75,000 shares of common stock. in December 31, 2014 account
Can you help me to solve those two questions?
Tempe Corporation's capital structure consists of 75,000 shares of common stock. in December 31, 2014 account balances are listed below. All adjusting entries have been made except for the accrual of taxes (20% tax rate). Ending Inventory at December 31, 2014 was $125,000. Prepare a 2014 multiple-step income statement; include EPS. Refer to the Cabrera and Poquito Company examples in Chapter 4 of the text for format suggestions. Prepare a 2014 retained earnings statement. Refer to the Stricker example in Chapter 4 of the text for format suggestions. No corrections of prior periods existStep by Step Solution
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