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Business, 26.12.2019 06:31 garzamatt7

The following is a partial trial balance for the green star corporation as of december 31, 2018:

credits

sales revenue $1,350,000
interest revenue $34,000
gain on sale of investments $54,000

debits

cost of goods sold $730,000
selling expenses $180,000
general and administrative expenses $79,000
interest expense $44,000
income tax expense $134,000
100,000 shares of common stock were outstanding throughout 2018.

required:

1. prepare a single-step income statement for 2018, including eps disclosures.
2. prepare a multiple-step income statement for 2018, including eps disclosures.

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Answers: 3

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The following is a partial trial balance for the green star corporation as of december 31, 2018:

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