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Greene Company had the following information for preparing an income statement for the year ended December...

Greene Company had the following information for preparing an income statement for the year
ended December 31, 2019.
All amounts are before income taxes. Income tax rate is 30%.
Sales Revenue            260,000
Expropriation of property by a foreign government (loss)             (50,000)
Income from operations of discontinued cement division              20,000
Loss from disposal of cement division             (15,000)
Operating expenses              50,000
Gain on sale of equipment                2,000
Cost of goods sold            100,000
PREPARE A MULTI-STEP INCOME STATEMENT IN GOOD FORMAT.
Green Company
Income Statement
For the Year Ended December 31, 2019
Business   Accounting   
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