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The following information was taken from the records of Fox Corporation for the year ended December 31, 2023: Fox Corporation's effective tax rate on all
The following information was taken from the records of Fox Corporation for the year ended December 31, 2023: Fox Corporation's effective tax rate on all items is 40% and its capital structure consists of 3,000 shares of preferred stock and 200,000 shares of common stock. Instructions (a) Prepare a multiple-step income statement, including the presentation of earmings per share (b) Prepare a retained earnings statement
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