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Preparing the Nonoperating Items Section of an Income Statement Gomez Inc, reported the following pretax amounts for the year. Assuming an income tax rate of
Preparing the Nonoperating Items Section of an Income Statement Gomez Inc, reported the following pretax amounts for the year. Assuming an income tax rate of 25%, prepare the income statement beginning with Operating income. Ignore the earnings per share disclosures. Note: Use a negative sign only for an expense or loss item included in the section Other Revenues (Expenses)
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