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Prepare a partial income statement for stacy

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Question - Stacy Corporation had income before income taxes for 2014 of $6,341,000. In addition, it suffered an unusual and infrequent pretax loss of $786,800 from a volcano eruption. The corporation's tax rate is 30%. Prepare a partial income statement for Stacy beginning with income before income taxes. The corporation had 4,904,000 shares of common stock outstanding during 2014.

Reference no: EM131929321

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