Question

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2011, included the following income accounts:


The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. One million shares of common stock were outstanding throughout 2011.

Required:

Prepare a combined multiple-step statement of income and comprehensive income for 2011, including appropriate EPSdisclosures.


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  • CreatedJune 24, 2013
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