FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Use this information to Prepare a multiple-step income statement with earnings per share
disclosure 
Denver Co. 12/31/2022 Debits Credits
Partial Trial Balance Data
Sales revenue 700,000
Interest revenue 60,000
Salary payable 15,000
Gain on sale of land 110,000
Patent 15,000
Supply inventory 25,000
Cost of goods sold 500,000
Salary expenses 150,000
Common stock 250,000
Retained earnings 150,000
Cash 250,000
Office expense 100,000
Denver's business segment, Division A, was sold at a pretax loss of 25,000 on July 1, 2022. It
had earned a $13,000 pretax operating income from January 1, 2022 to the disposal date. Denver
had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been
accrued. The effective tax rate is 30%.

dont give me handwritten answers thank you

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