The purpose of this assignment is to you become familiar with the parts of the multiple‐step income statement. An inexperienced accountant prepared this condensed income statement for Simon Company, a

The purpose of this assignment is to you become familiar with the parts of the multiple‐step income statement. An inexperienced accountant prepared this condensed income statement for Simon Company, a retail firm that has been in business for a number of years. As an experienced, knowledgeable accountant, you review the statement and determine the following facts: a detailed multi-step income statement with a brief explanation of 700 words. Assume a 25% tax rate. your work on the Excel spreadsheet and submit with your explanation. Purchase the answer to view it

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