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Simple Income Statement The following are selected items derived from Dibb Company's adjusted trial balance on December 31, 2016: 12,000 shares of common stock were
Simple Income Statement The following are selected items derived from Dibb Company's adjusted trial balance on December 31, 2016: 12,000 shares of common stock were outstanding the entire year. Required: Assuming a 30\% income tax rate on all items of income, prepare a 2016 income statement for Dibb's Company using a multiplestep format. Round earnings per share computations to two decimal places. DIBB Company Income Statement (Multiple-Step) For Year Ended December 31, 2016 $ $ $ Other items Income before income tax $ Components of Income EPS Assuming a 30% income tax rate on all items of income, prepare a 2016 income statement for Dibb's Company using a singlestep format. Round earnings per share computations to two decimal places
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