Question: On December 31 2016 Opgenorth Company listed the following items

On December 31, 2016, Opgenorth Company listed the following items in its adjusted trial balance:
Additional data:
1. Seven thousand shares of common stock have been outstanding the entire year.
2. The income tax rate is 30% on all items of income.
Required:
1. Prepare a 2016 multiple-step income statement.
2. Prepare a 2016 single-step income statement.
3. Prepare a 2016 statement of comprehensive income.

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  • CreatedOctober 05, 2015
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