Solution-Prepare newcomb corporations income statement

Prepare newcomb corporations income statement

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Reference no: EM13343382

Corporate Income Statement

Information about of Newcomb Corporation's income statement in 2009 follows:

Administrative expenses, $190,000
Cost of goods sold $420,000
Interest expense $20,000
Net Sales $890,000
Selling and administrative expenses, $190,000.

1) Prepare Newcomb Corporation's income statement for 2009, including earnings per share. Assume a weighted average of 100,000 shares of Common Stock outstanding for 2009.

Reference no: EM13343382

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Prepare newcomb corporations income statement

Reference no: EM13343382

Reference no: EM13343382

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