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Business, 27.06.2019 19:50 iamasia06

Brisky corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2017. expenses for 2017 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. brisky’s tax rate is 30%. the corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2017. prepare a single-step income statement for the year ended december 31, 2017.

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Brisky corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2017. expenses...
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