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Oranarwan income statement for the vear 2020 using the multiple-step form. (Round earnings per share to 2 declmal places, eg. Current Attempt in Progress Two

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Oranarwan income statement for the vear 2020 using the multiple-step form. (Round earnings per share to 2 declmal places, eg. 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 2020 information related to Nash Company (\$000 omitted). Common shares outstanding for 2020 total 28,756 (000 omitted)

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