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.

Abc computer company has a $20 million factory in silicon valley in which in builds computer components. during the current year, abc's costs are labor (wages) of $1.01.0 million; interest on debt of $0.20.2 million; and taxes of $0.20.2 million. abc sells all its output to xyz supercomputer for $2.62.6 million. using abc's components, xyz builds four supercomputers at a cost of $0.8500.850 million each, which comes from $0.6500.650 million worth of components, $0.10.1 million in labor costs, and $0.10.1 million in taxes per computer. xyz has a $30 million factory. xyz sells three of the supercomputers to other businesses for $1.81.8 million each. at year's end, it had not sold the fourth. the unsold computer is carried on xyz's books as a $0.8500.850 million increase in inventory.

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly