The following is a partial trial balance for the Green Star Corporation as of December 31,...
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The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Credits 1,500,000 Account Title Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Debits 760,000 195,000 82,000 47,000 137,000 37,000 57,000 100,000 shares of common stock were outstanding throughout 2018. Required: 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Earnings per share 0 0 Prepare a multiple-step income statement for 2018, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Operating expenses: Total operating expenses Other income (expense): Total other income, net Income before income taxes Earnings per share 0 0 The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Credits 1,500,000 Account Title Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Debits 760,000 195,000 82,000 47,000 137,000 37,000 57,000 100,000 shares of common stock were outstanding throughout 2018. Required: 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Earnings per share 0 0 Prepare a multiple-step income statement for 2018, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Operating expenses: Total operating expenses Other income (expense): Total other income, net Income before income taxes Earnings per share 0 0
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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