9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year...
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9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020: Net sales............. Discontinued operations loss (before taxes) Cost of goods sold.................. Interest expense.... Selling expenses... Administrative expenses.... Shares of capital stock outstanding, 200,000 Tax rate of 40% on all items $10,640,150 3,060,000 4,906,400 421,905 1,098,155 2,876,920 Required: Using a multiple-step format, prepare an income statement rounded to year ended the nearest dollar for 9 Flags Mini Theme Parks, Inc. for the December 31, 2020. Note: when rounding to the nearest dollar, round up when .50 or above, therefore round down to the nearest dollar when .49 or below. 9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020: Net sales............. Discontinued operations loss (before taxes) Cost of goods sold.................. Interest expense.... Selling expenses... Administrative expenses.... Shares of capital stock outstanding, 200,000 Tax rate of 40% on all items $10,640,150 3,060,000 4,906,400 421,905 1,098,155 2,876,920 Required: Using a multiple-step format, prepare an income statement rounded to year ended the nearest dollar for 9 Flags Mini Theme Parks, Inc. for the December 31, 2020. Note: when rounding to the nearest dollar, round up when .50 or above, therefore round down to the nearest dollar when .49 or below.
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Step 11 Income Statement for 9 Flags Mini Theme Parks Inc for the year ended December 31 2020 Net Sa... View the full answer
Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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