The adjusted trial balance of McCoy Company included the following selected accounts: Instructions
1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014.
2. Calculate the profit margin and gross profit rate.

Question

The adjusted trial balance of McCoy Company included the following selected accounts:  Instructions
1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014.
2. Calculate the profit margin and gross profit rate.

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The Answer of The adjusted trial balance of McCoy Company included the following selected accounts:  Instructions
1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014.
2. Calculate the profit margin and gross profit rate.

The Adjusted Trial Balance of McCoy Company Included the Following