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Sales Revenue $275,000 Non Operating Revenue 105,000 Selling Exoense 55,000 General Expense 45,000 Income Tax Expense 25,000 Cost of Goods Sold 185,000 Administrative Expenses 35,000
Sales Revenue | $275,000 | |||||||
Non Operating Revenue | 105,000 | |||||||
Selling Exoense | 55,000 | |||||||
General Expense | 45,000 | |||||||
Income Tax Expense | 25,000 | |||||||
Cost of Goods Sold | 185,000 | |||||||
Administrative Expenses | 35,000 | |||||||
1 - Prepare a mulitple-step income statement. | ||||||||
2 - Indicate whether the statenent "Tisdale Incorporated does not appear to have much profit-generating potential" is true or false. |
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