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    kmboeckm's Avatar
    kmboeckm Posts: 1, Reputation: 1
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    #1

    Nov 24, 2013, 03:53 PM
    Accounting
    Walker Company had total revenue and expense numbers of $1,500,000 and $1,200,000, respectively, in the current year. In addition, the company had a gain of $230,000 that resulted from the passage of new legislation, which is considered unusual and infrequent for financial reporting purposes. The gain is expected to be subject to a 35 percent income tax rate.

    Prepare an abbreviated income statement for Walker for the year. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Nov 24, 2013, 03:59 PM
    While this is an accounting question, please refer to "homework section".

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