Assume that Karib Corporation’s chief ?nancial of?cer

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June 7th, 2024

Assume that Karib Corporation’s chief ?nancial of?cer gave you the following information: net sales, $720,000; cost of goods sold, $350,000; loss from discontinued operations (net of income tax bene?t of $70,000),$200,000; loss on disposal of discontinued operations (net of income tax bene?t of $16,000), $50,000; operating expenses, $130,000; income taxes expense on continuing operations, $100,000. Hide Prepare the company’s income statement for the year ended June 30, 2014. (Ignore earnings per share information.) arib CorporationIncome Statement For the Year Ended June 30, 201k

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