Excellent Company sells accounting textbooks. The following information summarizes Excellent's operating activities for 2012:
Required: Prepare an income statement for the year ended December 31, 2012. Please use the format provided below, and include a vertical analysis showing percentages rounded to the nearest tenth of a percent.
Definitions:
Social Perception
The process by which people come to understand and categorize the behaviors of others through social cues and information.
Learning
The process of acquiring new, or modifying existing, knowledge, behaviors, skills, values, or preferences.
Stereotyping
The act of assigning a set of characteristics to a group of people without considering individual differences.
Reinforcement
In psychology and organizational behavior, reinforcement refers to any process that strengthens or increases the likelihood of a specific response or behavior.
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