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.
Definitions:
Friendliness
A behavior or attitude that is hospitable, welcoming, and kind towards others.
Influencing Responses
Communications in therapy designed to guide or encourage clients toward positive behavioral or cognitive changes.
Defensive
A psychological reaction that involves denying or rationalizing away the implications of an uncomfortable truth or reality.
Discontinuing Therapy
Discontinuing therapy refers to the process of ending the therapeutic relationship or counseling sessions, typically when goals are met or due to other reasons.
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