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Inits income statement for the year ended December 31, 2020, Pina Company reported the following condensed data. Operating expenses $768,410 Interest revenue $32.380 Cost of goods sold 1338,000 Loss on disposal of plant assets 18,030 Interest expense 72.070 Net sales 2,422.500 Other comprehensive loss 8.100 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg 45 or parentheseseg (45))

Inits income statement for the year ended December 31, 2020, Pina Company reported the following condensed data. Operating expenses $768,410 Interest revenue $32.380 Cost of goods sold 1338,000 Loss on disposal of plant assets 18,030 Interest expense 72.070 Net sales 2,422.500 Other comprehensive loss 8.100 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg 45 or parentheseseg (45))

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 8E: Cost of Goods Sold, Income Statement. and Statement of Comprehensive Income Gaskin Company derives...
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In its income statement for the year ended December 31, 2020, Pina Company reported the following condensed data. Operating expenses $768,.410 Interest revenue $32,380 Cost of goods sold 1,338,000 Loss on disposal of plant assets 18,030 Interest expense 72,070 Net sales 2,422,500 Other comprehensive loss 8,100 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) PINA COMPANY Income Statement %24 >
Transcribed Image Text:In its income statement for the year ended December 31, 2020, Pina Company reported the following condensed data. Operating expenses $768,.410 Interest revenue $32,380 Cost of goods sold 1,338,000 Loss on disposal of plant assets 18,030 Interest expense 72,070 Net sales 2,422,500 Other comprehensive loss 8,100 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) PINA COMPANY Income Statement %24 >
Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) PINA COMPANY Income Statement 24 List of Accounts Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) PINA COMPANY Comprehensive Income Statement %24
Transcribed Image Text:Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) PINA COMPANY Income Statement 24 List of Accounts Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) PINA COMPANY Comprehensive Income Statement %24
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