Business
Business, 07.03.2020 05:31, xxaurorabluexx

Pharoah Corporation had net sales of $2,410,700 and interest revenue of $40,600 during 2017. Expenses for 2017 were cost of goods sold $1,458,400, administrative expenses $219,700, selling expenses $285,300, and interest expense $49,100. Pharoah’s tax rate is 30%. The corporation had 109,000 shares of common stock authorized and 73,880 shares issued and outstanding during 2017. Prepare a single-step income statement for the year ended December 31, 2017. (Round earnings per share to 2 decimal places, e. g. 1.48.)

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Pharoah Corporation had net sales of $2,410,700 and interest revenue of $40,600 during 2017. Expense...

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