Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%.
-Required: Prepare a multiple-step income statement with earnings per share disclosure.

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Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%.
-Required: Prepare a multiple-step income statement with earnings per share disclosure.

Plano Had 50,000 Shares of Stock Outstanding Throughout the Year