Question

Use the information in BE4-9 to prepare a multiple-step income statement for Taylor Corporation, showing expenses by function.
Taylor Corporation had net sales revenue of 52,780,000 and investment revenue of$103,000 in 2014. Other items pertaining to 2014 were as follows:
In Be4-9
Taylor has 10,000 common shares outstanding. Prepare a single-step income statement showing expenses by nature.
Include calculation of EPS.


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  • CreatedSeptember 18, 2015
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