Roxanne Carter Corporation reported the following for 2025: net sales $1,200,000, cost of goods sold $750,000, selling

Question:

Roxanne Carter Corporation reported the following for 2025: net sales $1,200,000, cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on available-for-sale debt securities $18,000.


Instructions

Prepare a statement of comprehensive income, using 

(a) The one statement format, and 

(b) The two statement format. (Ignore income taxes and earnings per share.)

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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