Determine amount would appear in multi-step income statement

Reference no: EM132213995

Question: The adjusted trial balance of Pacific Scientific Corporation on December 31, 2017, the end of the company's fiscal year, contained the following income statement items ($ in millions): sales revenue, $2223; cost of goods sold, $1351; selling expenses, $106; general and administrative expenses, $156; interest expense, $48; and gain on sale of investments, $36. Income tax expense has not yet been accrued. The income tax rate is 40%. Determine the amount would appear in a multi-step income statement for income(loss) before taxes. Answer in dollars and cents ($ 0.00).

Reference no: EM132213995

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