Exercise 3.4 - E3-4 RULE CORPORATION Income Statement For...

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Unformatted text preview: E3-4 RULE CORPORATION Income Statement For Year Ended December 31, 2007 Sales revenue (net of $600 returns) Cost of goods sold Gross profit on sales Operating expenses Income from operations Other items Interest expense $(800) Gain on sale of land Income before income taxes Income tax expense Net income Earnings per share (800 shares) $15,600 (8,300) $ 7,300 (3,800) $ 3,500 500 (960) $ 2,240 $ 2.80 (300) $ 3,200 ...
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This note was uploaded on 02/26/2008 for the course ACCT 311 taught by Professor Dehart during the Spring '08 term at Grambling State.

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