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You may use the attached spreadsheet to help you complete this activity, but you are not required to do so . You will find the
You may use the attached spreadsheet to help you complete this activity, but you are not required to do so You will find the spreadsheet by clicking on the green Excel icon in the upper left hand corner of the activity.
The following are selected items derived from Dibb Company's adjusted trial balance on December :
Loss on sale of land $
Cost of goods sold
Sales net
Operating expenses
Twelve thousand shares of common stock were outstanding the entire year.
Required:
Question Content Area
Assuming a income tax rate on all items of income, prepare Dibbs income statement using a multiplestep format. Round earnings per share computations to two decimal places.
DIBB COMPANY
Income Statement MultipleStep
For Year Ended December
$ Select
Select
$ Select
Select
$ Select
Other items
Select
Income before income tax $fill in the blank bbfe
Select
$ Select
Components of Income EPS
$ Select
Question Content Area
Assuming a income tax rate on all items of income, prepare Dibbs income statement using a singlestep format. Round earnings per share computations to two decimal places.
DIBB COMPANY
Income Statement SingleStep
For Year Ended December
Revenues
$ Select
Expenses
$ Select
Select
Select
Select
Total expenses fill in the blank bacfd
$ Select
Components of Income EPS
$ Select
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