The following information is available for Bergin Pastry Shop. Gross margin ..................$34,700 Income from operations ............. 9,200
Question:
Gross margin ..................$34,700
Income from operations ............. 9,200
Income taxes expense (15% of income before taxes) ... ?
Interest expense ................. 1,800
Net sales .................... 85,300
Required:
Prepare a multiple-step income statement for Bergin.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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