Anson Industries, Inc. reported the following information on its 20Y1 income statement: Sales . . . .

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Anson Industries, Inc. reported the following information on its 20Y1 income statement:

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,000,000

Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,300,000

Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000

Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 280,000

Other comprehensive income . . . . . . . . . . . . . . . . . . .. . . . . . . 450,000

Prepare the following for Anson Industries, Inc.:

A. Income statement, including comprehensive income.

B. Income statement and a separate statement of comprehensive income.

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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