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Net Revenue: $3,538Cost of goods sold:$2,103Gross MargiinSelling & Administration Expenses: $1,090Interest Income: $568Interest expense: $197Earnings before income taxesIncome Taxes: $133Net EarningsEarnings per share: $1.86Shares used in calulating E.P.S
1)What principle requires corporations to divulge their revenue recognition policy?2)What is the amount of EBT?3)What type of business uses a multi-step income statement? Why?4)How many shares were used to calculate E.P.S.?5)What is the amount of Net Earnings?6)List 3 examples of selling and administrative expenses7)What is the amount of Gross Margin?8)What is the Gross Margin Percent?9)Is this a single-step or multi-step income statement? How do you know?
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