FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information is available for Tamarisk Corp. for the year ended December 31, 2022.
Other revenues and gains | $23,800 | |
Other expenses and losses | 4,000 | |
Cost of goods sold | 292,000 | |
Sales discounts | 4,600 | |
Sales revenue | 760,000 | |
Operating expenses | 221,000 | |
Sales returns and allowances | 10,800 |
Prepare a multiple-step income statement for Tamarisk Corp. The company has a tax rate of 25%.
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