In its income statement for the year ended December 31, 2027, Crane Inc. reported the...
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Accounting
In its income statement for the year ended December 31, 2027, Crane Inc. reported the following condensed data.
Operating expenses: $754,000
Cost of goods sold: 1,306,240
Interest expense: 72,800
Income tax expense: 48,880
Interest revenue: $34,320
Loss on disposal of plant assets: 17,680
Net sales: 2,288,000
Prepare an income statement. (List other revenues before other expenses.)
In its income statement for the year ended December 31, 2027, Crane Inc. reported the following condensed data. Prenare an income statement. (List other revenues before other exnenses.)
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