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wordbank provided below Presented below is an income statement for Kinder Company for the year ended December 31, 2022. Additional information: 1. Selling. general, and
wordbank provided below
Presented below is an income statement for Kinder Company for the year ended December 31, 2022. Additional information: 1. "Selling. general, and administrative expenses" included a charge of 7,000 for impairment of intangibles. 2. "Other, net" consisted of interest expense, 5,000, and a discontinued operations loss of 15,000 before taxes. If the loss had not occurred, income taxes for 2022 would have been 40,500 instead of 36,000. 3. Kinder had 20,000 ordinary shares outstanding during 2022. Income Before Income Taxes Loss on disposal of component Income Taxes Loss on impairment Other Revenue Net Income / (Loss) Other income and expense Discontinued Operations, Net of Tax Income from Continuing Operations Discontinued Operations Income from Operations Gross Profit / (Loss) Cost of Goods Sold Per Share Sales Revenue Net sales Other Expenses Selling, general, and administrative expens Step by Step Solution
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