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Prepare a Multi Step Income Statement for the year. And then prepare a statement of comprehension income as a seperate Statement. Theledger of Crane Corporation
Prepare a Multi Step Income Statement for the year.
Theledger of Crane Corporation at November 30,2024 , contains the following rummary datac Your anatrak reveak the following addaienal information 1. Thecompany has 25% income taxrate. 2. The communicsions devices dheion was discontinued on August 31 . The proft trom operations for the division up to that day wan $19,000 belore inceme tax. The division was sold at a loss of $81,500 before income tax. 3. There were 200,000 common and 5,000 preferred shures issued on December 1,2023 , with no changes during the vear: Prepare astatement of comprehensive income as a separate statement And then prepare a statement of comprehension income as a seperate Statement.
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