Arrange the following income statement items so they are in the proper order of an income statement:

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Taxes

Common shares outstanding

Gross profit shares outstanding

Interest expenses

Depreciation expense

Preferred stock dividends

Operating profit

Sales

Gross profit

Earnings per share earnings before taxes

Cost of goods sold

Earnings after taxes

Earnings available to common stockholders

Selling and administrative expense

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Jan 09, 2013 02:17 AM

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Arrange the following income statement items so they are in the proper order of an income statement:

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Computation of the Income statement as per orded of items P...View the full answer

Foundations of Financial Management

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