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The following balances were taken from the books of Sheffield Corp. on December 31,2020. Assume the total effective tax rate on all items is 20%.

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The following balances were taken from the books of Sheffield Corp. on December 31,2020. Assume the total effective tax rate on all items is 20%. Prenare a multiple-step income statement: 100,000 shares of common stock were outstanding during the year. (Round earnings per

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