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Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement

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Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profitgenerating potential." is true or false. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.)

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