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Zoom photographic supplies Inc, accounting records include the following for 2012:

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Question;Zoom photographic supplies Inc, accounting records include the following for 2012:Income tax savings- Extraordinary loss $4,400 Sales Revenue- $ 430,000Income tax saving- loss: Operating expenses:On discounted operations $16,000 (Including income taxes) $120,000Extraordinary loss $11,000 Costs of goods sold $220,000Loss on discontinued operation $40,000Prepare Zoom photographic supplies multistep income statement for 2012. Omit earnings per shareE12-20 (10-15 min);Zoom;Photographic Supplies, Inc.;Income;Statement;Year Ended;December 31, 2012;$;$;$;$;Net income

 

Paper#41522 | Written in 18-Jul-2015

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