Following is a partial trial balance for Plano Company. Plano


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Following is a partial trial balance for Plano Company. Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%. Prepare a multiple-step income statement with earnings per share disclosure. Plano Company Partial Trial Balance As of December 31, 201X Debit Credit Sales revenue 700,000 Interest revenue 60,000 Gain on sale of investments (infrequent 110,000 but not unusual) Cost of goods sold 500,000 Selling expenses 150,000 Restructuring costs 40,000 Interest expense 30,000 General and administrative costs 60,000 cbutler
posted a question ยท Jun 17, 2013 at 10:45am

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