Professional Documents
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1) Using the data below, create a multi-step GAAP Income Statement in appropriate professional Excel
format (i.e., use cell referencing and formulas, no hard coding numbers).
2) All account titles and subtotals should be added using cell referencing.
on this assignment will be calculated based upon the % of the 51 cells that are completed correctly.
Tips:
1) The P&L header should start in cell F24 and the first line of data should be in row 28. The Earnings Per
Share header should be in cell F49 with the first line of data in row 50
3) Values included in financial statements have standard formatting requirements. Examples in your
textbook and class follow the standard formatting (i.e., number of decimals, if a value is number or $
format). If you receive an error message about formatting, please refer to the "tip" provided rows 1 and 2
of the spreadsheet.
4) If there is more than one line item in a category in the P&L where there is flexibility in the order, list
the line items in alphabetical order
Additional information:
Tax rate 20%
Common Shares Outstanding 12/31/25 1,000,000
Preferred Shares Outstanding 12/31/25 800,000