Question: CALCULATOR PRINTER VERSION Exercise 5-9 (Part Level Submission) Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the

 CALCULATOR PRINTER VERSION Exercise 5-9 (Part Level Submission) Suppose in its
income statement for the year ended June 30, 2017, The Clorox Company
reported the following condensed data (dollars in millions). Salaries and wages expenses
Research and development expense $410 $120 Depreciation expense 75 Income tax expense

CALCULATOR PRINTER VERSION Exercise 5-9 (Part Level Submission) Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses Research and development expense $410 $120 Depreciation expense 75 Income tax expense 439 Sales revenue 5,775 Loss on disposal of plant assets 45 Interest expense 170 Cost of goods sold 2,773 Advertising expense 470 Rent expense 120 230 Sales returns and allowances 70 Utilities expense Assume a tax rate of 34% . (a) Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.) THE CLOROX.COMPANY (? to search Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.) THE CLOROX COMPANY Income Statement For the Year Ended June 30, 2017 (amounts in millons) Less re to search S Kimmel, Accounting, 6e Help | System Announcements search Open Show Work Click if you would like to Show Work for this question: to search Up

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