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Firan C is the manufacturing firm, due to the combined heary investnent in inventory and...

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Accounting

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Firan C is the manufacturing firm, due to the combined heary investnent in inventory and fixed assets. Also, it uses substantial loog-tern dlebe. 12. Information related to Batavia Fumiture Company for the year ended December 31, 2012, follaws. Required: Prepare in good form a multiple-step income statement for the year 2012. Assume a 50% tax rate and thot 5,000 shares of common stock were outstanding during the year. ANS

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