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Wood way Companys annual report contained the following data

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Wood way Companys annual report contained the following data;Preparing an Income Statement;Wood way Company?s annual report contained the following data (dollars in millions) on its income statement;Interest expense;$ 2,489;Investment income;11,218;Other income;9,033;Depreciation;1,257;Revenues;591,762;Other expenses;8,482;Cost of sales;482,355;Operating expenses;98,576;Income taxes;52;Required;a. Prepare an income statement using a multiple-step format.;b. Revise your income statement (from part a above) to include the following two additional items from Wood way?s annual report (dollars in millions);Loss on discontinued operations, net of tax;$1,025;Extraordinary loss, net of tax;314

 

Paper#29230 | Written in 18-Jul-2015

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