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ing had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax ate is 25%. equired:

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ing had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax ate is 25%. equired: repare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a inus sign. Round Earnings per share answer to 2 decimal places.)

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