Excel format - please show formulas. The accounts of Consolidated Can contain the following amounts at December

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Excel format - please show formulas.

The accounts of Consolidated Can contain the following amounts at

December 31, 2008:

Cost of products sold $410,000

Dividends 3,000

Extraordinary gain (net of tax) 1,000

Income taxes 9,300

Interest expense 8,700

Other income 1,600

Retained earnings, 1/1 270,000

Sales 480,000

Selling and administrative expense 42,000

Required Prepare a multiple-step income statement combined with a reconciliation of retained earnings for the year ended December 31, 2008.

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Question Posted: Dec 24, 2011 06:12 AM

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Excel format - please show formulas. The accounts of Consolidated Can contain the following amounts at December

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Computation of the multiplestep statement of earnings for the year ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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