boats and farm tools) located in twent to the conting the following items for the...
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boats and farm tools) located in twent to the conting the following items for the year 2020. PW is omare a multistep income statement for Prestige Worldwide, a company that has two branches taxed at 35% of income. All of the following are before tax Sales Sales Commission Expense Utilities Expense Litigation Loss Dividends Declared Gain on Sale of Investment Gain on Sale of Discontinued Farm Tools Division Loss from Earthquake Damages Sales Discounts Advertising Expense Cost of Goods Sold Depreciation Expense Investment Income Bad Debt Expense Prior Period Adjustment Loss on Operations of Discontinued Farm Tools Division Common Stock Salary Expense Cumulative Effect of Change in Principle S10.000.000 600.000 23.000 1.000.000 40.000 285,000 150.000 675.000 435.000 85.000 4.000.000 27,000 42.000 30,000 89.000 60,000 100.000 287,000 97,000
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