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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Multiple-Step and Single-Step Income Statements, and Statement of Comprehensive Income On December 31, 2010, the Adandt Company listed the following items in its adjusted trial balance:

Additional data:
1. Seven thousand shares of common stock have been outstanding the entire year.
2. The income tax rate is 30% on all items of income.
Required
1. Prepare a 2010 multiple-step income statement.
2. Prepare a 2010 single-step income statement.
3. Prepare a 2010 statement of comprehensive income.
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