Ari Corporation reported the following for 2014: net sales $6,000,000; cost of goods sold $3,750,000; selling and

Question:

Ari reported the following for 2014: net sales $6,000,000; cost of goods sold $3,750,000; selling and administrative expenses $1,600,000; and an unrealized holding gain on available-for-sale securities $90,000.

Instructions
Prepare a statement of comprehensive income, using
(a) The one statement format,
(b) The two-income statement format. Ignore income taxes and earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...