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The following balances were taken from the books of Alonzo Corp. on December 31, 2017. Assume the total effective tax rate on all items is
The following balances were taken from the books of Alonzo Corp. on December 31, 2017. Assume the total effective tax rate on all items is 34%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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