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Round Table pizza has the following data for the year ended December 31, 2018:
Net Sales $270,000
Discontinued operations loss 20,000
Cost of goods sold 165,000
Interest expense 3,000
Selling expenses 15,000
Administrative expenses 35,000
Share of capital stock outstanding, 10,000
Tax rate of 30% on all items
Problem 1: What is the multi-step income statement for the year ended December 31, 2018? "Earnings Per Share" should be included.
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The Wall Street Journal reports that the yield on a nine-month Treasury bond is 2.3 percent, the yield on a three-year Treasury bond is 2.9 percent, and the yield on a 10-year Treasury bond is 4.3 percent. Although no liquidity premium is associated ..
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Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your bigggest personal expenditures. What is the variable gasoline cost of going one mile in the hybrid car? What is..
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