Bridgeport Corporation had income from operations of $6,503,700. In addition, it suffered an unusual and...
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Bridgeport Corporation had income from operations of $6,503,700. In addition, it suffered an unusual and infrequent pretax loss of $789,900 from a volcano eruption, interest revenue of $17,530, and a write-down on buildings of $57,410. The corporations tax rate is 30%. Prepare a partial income statement for Bridgeport beginning with Income from operations. The corporation had 4,998,800 shares of common stock outstanding during 2017.
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