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can you please do the question on a sheet of paper so that it is clear and easier to understand s. The following balances from
can you please do the question on a sheet of paper so that it is clear and easier to understand
s. The following balances from the books of Toogood Corporation are given on March 31, 2009, which is the end of the accounting year. $ Net Sales 600,000 Cost of goods sold 200,000 Administration expenses 160,000 Selling expenses 40,000 Restructuring costs 80,000 Dividend income 5,000 Income from discontinued operations 30,000 Income tax on income from discontinued operations 12,000 Income from sale of discontinued segment 10,000 Income tax on income from discontinued segment 4,000 A tax rate of 40% is charged on all income unless otherwise specified. Required: a. Prepare an income statement for the company in good form at the end of the year. b. Assuming the company has total common stock outstanding amounting to 200,000 shares, calculate the EPS at the end of the accounting year
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