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The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: The following is a partial trial balance for
The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: |
The following is a partial trial balance for the Green Star Corporation as of December 31, 2016 Account Title Debits Credits 1.300,000 Sales revenue 30,000 Interest revenue 50,000 Gain on sale of investments 720,000 Cost of goods sold 160,000 Selling expenses 75,000 General and administrative expenses 40,000 Interest expense 130,000 Income tax expense 100,000 shares of common stock were outstanding throughout 2016 Required 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2016 Revenues and gains. Total revenues and gains Expenses and losses 0 Total expenses and losses Income before income taxes Earnings per share
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