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The Following Information Is Taken from the Trial Balance of GlaxonSmith

Question 30

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The following information is taken from the trial balance of GlaxonSmith Supplies Ltd. at December 31, 2014, the company's year end. GlaxonSmith has a 15% tax rate. The following information is taken from the trial balance of GlaxonSmith Supplies Ltd. at December 31, 2014, the company's year end. GlaxonSmith has a 15% tax rate. Instructions Prepare the income statement and statement of retained earnings for GlaxonSmith for the year ended December 31, 2014. Instructions
Prepare the income statement and statement of retained earnings for GlaxonSmith for the year ended December 31, 2014.

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