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ACC - E12-20 Zoom photographic supplies Inc.

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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 share

 

Paper#41588 | Written in 18-Jul-2015

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