canton corporation reported the following items in its adjusted trial balance for th 492377
Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2011::
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canton corporation reported the following items in its adjusted trial balance for th 492377
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Income from continuing operations before income taxes |
110,000 |
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Extaordinary |
28,000 |
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Conton is subject to a 3% tax rate. |
Required:
Prepare the December 31, 2011, income statement for Canton Corporation, starting with income from continuing operations before income taxes.
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