Question: Using the given data, prepare a comprehensive income statement for Verizon Communications for the year 2023, including earnings per share (EPS). Data: revenue $12,000,000, cost
Using the given data, prepare a comprehensive income statement for Verizon Communications for the year 2023, including earnings per share (EPS). Data: revenue $12,000,000, cost of goods sold $4,800,000, operating expenses $3,200,000, interest expense $400,000, tax expense $800,000, shares outstanding 2,000,000. Discuss the company’s profitability and performance based on the income statement.
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