Question

The following are selected ledger accounts of Holland Rose Corporation at December 31, 2014:
Holland's effective tax rate on all items is 25%. A physical inventory indicates that the ending inventory is $686,000. The number of common shares outstanding is 90,000.
Instructions
Prepare a multi-step 2014 income statement for Holland Rose Corporation, showing expenses by function. Include calculation of EPS.


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  • CreatedSeptember 18, 2015
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