At January 1, 2013, Foxmore Company Had 80,000 Shares of Common

question 118

Essay

At January 1, 2013, Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year, they issued 40,000 additional shares of common stock. At December 31, 2013, Foxmore had 120,000 shares of common stock outstanding, and no preferred stock. In addition, Foxmore reported the following results for the year 2013:
Please prepare a multi-step income statement from the above data. Do not include earnings per share information.

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