The following information was taken from the 2018 financial records of Rothrock Consolidated. All items are pretax.
Question:
The company€™s income tax rate is 35 percent, and the items above are treated identically for financial reporting and tax purposes.
Prepare the following:
a. An income statement.
b. A reconciliation of retained earnings.
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a Rothrock Consolidated Income Statement For the Year Ended December 31 2018 Revenue Sales revenues ...View the full answer
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