Question: Your answer is partially correct. The following information is available for Novak Corp. for the year ended December 31, 2022: Other revenues and gains $10,200
Your answer is partially correct. The following information is available for Novak Corp. for the year ended December 31, 2022: Other revenues and gains $10,200 Sales revenue $600,400 Other expenses and losses 15,300 Operating expenses 205,900 Cost of goods sold 178,000 Sales returns and allowances 40,000 Other comprehensive income 5,900 Prepare a multiple-step income statement for Novak Corp. The company has a tax rate of 20%. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ther Expenses and Losses ales Revenue SS : Sales Returns and Allowances et Sales ost of Goods Sold *oss Profit ther Revenues and Gains 'perating Expenses NOVAK CORP. Income Statement For the Year Ended December 31, 2022 600400 -40000 i 560400 ther Expenses and Losses -15300 i -178000 i 382400 10,200 (205,900) ther Revenues and Gains perating Expenses ther Expenses and Losses -15300 et Income/(Loss) et Income (Loss) dd: Other Comprehensive Income omprehensive Income/(Loss) 171,400 +A 10,200 (205,900) 171,400 171400 5,900 177,300
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