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Prepare a multiple-step income statement for ABC Company from the following data: Cost of goods sold $450 Interest expense 30 Depreciation expense 120 Net sales
Prepare a multiple-step income statement for ABC Company from the following data: Cost of goods sold $450 Interest expense 30 Depreciation expense 120 Net sales 990 Interest income 80 Income tax expense 70 Advertising expense 100 General and administrative expenses 150
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