Rembrandt Paint Company had the following income statement items for the year ended December 31 ($ in 000s)

Net sales $ 18,000
Interest income 200
Interest expense 350
Cost of goods sold 10,500
Selling and administrative expenses 2,500
Restructuring costs 800
Loss from operations on plastics business $1,600,000
Gain on disposal of component's assets $2,000,000
Shares of common stock outstanding in 2016 500,000
Income tax rate 30%

Prepare a multiple stem income statement, including EPS disclosures.

Respuesta :

Answer:

Net Income = $282,870

EPS = $0.57

Explanation:

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