Accoumting 330 Fall 2023 - Test #2 CELL PHONE TSAGE NOT ALIOWED DURING EXAM Problem...
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Accoumting 330 Fall 2023 - Test #2 CELL PHONE TSAGE NOT ALIOWED DURING EXAM Problem II: (15 pts) The adjusted trial balance of Pacific Scientific Corporation on December 31, 2024, the end of the company's fiscal year, contained the following income statement items ( $ in millions) sales revenue, \$2,150; cost of goods sold, \$1,360; selling expense, \$175; general and administrative expense, $165; interest expense, $40; and gain on sale of investments, $90. income tax expense has not yet been recorded. The income tax rate is 25%. REQUIRED: Prepare a multiple-step income statement
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