Solution-Prepare a single-step income statement for the

Prepare a single-step income statement for the year ended

Reference no: EM13537929

Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2012. Expenses for 2012 were: cost of goods sold $1,450,000; administrative expenses $212,000; selling expenses $280,000; and interest expense $45,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2012. Prepare a single-step income statement for the year ended December 31, 2012.

Reference no: EM13537929

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Prepare a single-step income statement for the year ended

Reference no: EM13537929

Reference no: EM13537929

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