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Question

In its income statement for the year ended December 31, 2020, Cheyenne Company reported the following condensed

data.


Operating expenses $728,860 Interest revenue $30,140

Cost of goods sold 1,301,900 Loss on disposal of plant assets 18,520

Interest expense 71,810 Net sales 2,421,100

Other comprehensive loss 8,800



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Prepare single-step income statement.


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Prepare comprehensive income statement


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Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amount
parentheses e.g. (45).)
CHEYENNE COMPANY
Income Statement
$
ItA

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Top Answer

Multi Step Income Statement Cheyenne Company Income Statement For the Year Ended December 31, 2020 Net Sales......... $2 ,... View the full answer

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