Prepare zooms multi-step income statement, Accounting Basics

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Prepare zooms multi-step income statement

Zoom Photographic Supplies, Inc., accounting records include the following for 2012:

1) Income tax saving-extraordinary loss $4,400. 2) Income tax saving- loss on discount discontinued operations 16,000.

3) Extraordinary loss 11,000.

4) Sales revenue $430,000.

5) Operating expenses (including income taxes) 120,000.

6) Cost of goods sold 220,000.7) Loss on discounted operations 40,000.

REQUIREMENTS: Prepare Zoom's multi-step income statement for 2012. Omit earnings per share.

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Accounting Basics: Prepare zooms multi-step income statement

Reference No:- TGS0713144

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Accounting Basics: Prepare zooms multi-step income statement

Reference No:- TGS0713144

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find percent difference-pollution resulting from combustion

Q : Would a flat tax solve the problem or create a new one

Q : Historical quarterly rates of return

Q : How far must the dog then run

Q : Prepare zooms multi-step income statement

Q : What tax advice would you have proposed

Q : Percentage of women with forward grip

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Q : Compute the sample standard deviation

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Accounting Basics: Prepare zooms multi-step income statement

Reference No:- TGS0713144

Recent Questions Asked Accounting Basics

Q : Find percent difference-pollution resulting from combustion

Q : Would a flat tax solve the problem or create a new one

Q : Historical quarterly rates of return

Q : How far must the dog then run

Q : Prepare zooms multi-step income statement

Q : What tax advice would you have proposed

Q : Percentage of women with forward grip

Q : Sketch the cycle on a t-s state diagram

Q : Compute the sample standard deviation

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