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Please help me, I dont know what i did wrong with numbers? I think income before income taxes is wrong number Plano Co. 12/31/2018 Partial
Please help me, I dont know what i did wrong with numbers? I think income before income taxes is wrong number
Plano Co. 12/31/2018 Partial Trial Balance Data sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses Interest expense General and administrative expenses Debits Credits 700,000 60,000 110,000 500,000 150,000 30,000 60,000 Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%. Required Prepare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)Step by Step Solution
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