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Current Attempt in Progress Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a

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Current Attempt in Progress Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2025 information related to Tamarisk Company (\$000 omitted). (a) Your aniswer is correct. Prepare an income statement for the year 2025 using the multiple-step form. Common shares outstanding for 2025 total 29,224(000 omitted). (Round eornings per share to 2 decimal places, e.g. 1.48. Enter other revenue and gains before other expenses and losses) efentavia axt Mesty Solvian Ust of Acrount Prepare an income statement for the year 2025 using the single-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) TAMARISK COMPANY Income Statement (In thousands, except earnings per share) eTextbook and Media

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