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For the year ended December 31, Global Exports had net sales of $7,710,000, costs and other expenses (including income tax) of $6,170,000, and an extraordinary
For the year ended December 31, Global Exports had net sales of $7,710,000, costs and other expenses (including income tax) of $6,170,000, and an extraordinary gain (net of income tax) of $420,000. |
a. | Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year. (Round your Earnings per share answers to 2 decimal places. Omit the "$" sign in your response.) |
GLOBAL EXPORTS Income Statement For the Year Ended December 31, 20xx | |
$ | |
$ | |
| |
Earnings per share of common stock: | |
$ | |
$ | |
| |
|
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