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Required information Exercise 6-3A Prepare a multiple-step income statement and analyze profitability (LO6-2) [The following information applies to the questions displayed below.] Tisdale Incorporated reports
Required information Exercise 6-3A Prepare a multiple-step income statement and analyze profitability (LO6-2) [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. $ 20,000 Sales revenue $250,000 Income tax expense Non-operating revenue Selling expenses General expenses Cost of goods sold Administrative expenses 100, 00 50,000 40,000 180,000 0, xercise 6- art 1 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 .....ausaod. 1. Prepare a multiple-step income statement. (Losses should be indi Answer is not complete. TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 250,000 Cost of goods sold 180,000 General expenses 40,000 Gross profit Total operating expenses 0 Operating income (loss) Non-operating revenue 100,000 Income tax expense 20,000 Income before income taxes
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