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The following information is available for Crane Corporation for the year ended December 31, 2020: sales revenue $815,000, other revenues and gains $80,000, operating expenses
The following information is available for Crane Corporation for the year ended December 31, 2020: sales revenue $815,000, other revenues and gains $80,000, operating expenses $102,000, cost of goods sold $470,000, other expenses and losses $32,000, and preferred stock dividends $27,000. The companys tax rate was 30%, and it had 62,000 shares outstanding during the entire year.
its an income statement
Having hard time finding the
income tax expense -
net income/loss-
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