Partial Income Statement

Louis24 Posts: 1, Reputation: 1

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Oct 21, 2010, 07:32 PM

Partial Income Statement

Continuing operations of $12,073,100 . It disposed of its restaurant division at an after-tax loss of $205,700. Prior to disposal, the division operated at a loss of $318,300 (net of tax) . Finley had 10,000,000 shares of common stock outstanding during 2010. Prepare a partial income statement

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I have a quick question: When preparing a partial income statement for the given company showing the calculation of net sales and cost of goods sold, do all of the following go into it? Inventory 2,841,300 Purchase discounts 376,800 Purchase Returns and allowances 1,322,000 Purchases ...

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