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I have completed this question already, I just would like to have a second thought if I did everything correctly. Thank you! I Lazer Industries,
I have completed this question already, I just would like to have a second thought if I did everything correctly. Thank you!
I Lazer Industries, Inc. manufactures medical equipment parts and accessories. Assume all amounts are pre-tax and a 30% tax rate for 2018. Net sales Interest expense Gain on sale of discontinued operations Cost of goods sold Selling, general and administrative expenses Gain on sale of investments Restructuring charges S 1,200,000 S 150,000 S 400,000 S 300,000 S 170,000 S 30,000 S 20,000 Required: Prepare a multiple-step income statement for Lazer Industries, Inc. based on the available information for the year ended December 31, 2018. Indicate all negative numbers using parentheses, and include all subtotals, appropriately labeled, to present your income statement in good formStep by Step Solution
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