Required information [The following information applies to the questions displayed below.] In the...
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Required information The following information applies to the questions displayed below. In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of an income statement follows. Prepare the December yearend income statement. Note: Loss amounts should be indicated with a minus sign. 
Required information
The following information applies to the questions displayed below.
In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company
completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of
an income statement follows.
Prepare the December yearend income statement.
Note: Loss amounts should be indicated with a minus sign.
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