Cest of Coods Sold and income Statement Schuch Company presents you with the following account...
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Accounting
Cest of Coods Sold and income Statement Schuch Company presents you with the following account balances taken from its December 31 adjusted trial balance: Ruturum eava: . 1. A phrsical count reveals an ending-inventery of \$22,500 on December 31. 3. The income tax rate is 30% sa all tems of inceme. Required: 1. Prepare a separate schedule for Schuch cost of posds sold 2. Prepare a multiple-step intome statement. Round earnings per share computations to two decimal places. 3. Prepare a single-step income statement. Round earnings per share computations to two decimal places. SCHUCH COMPANY Income Statement (Single-Step) For Year Ended December 31, Current Year Revenues: Experses: Components of Income eps
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