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07. Nittany Inc. reported the following for the year ending Dec 31, 2019. Net sales, $1,250,000; Cost of Goods Sold $750,000; Operating Expenses $380,000 and

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07. Nittany Inc. reported the following for the year ending Dec 31, 2019. Net sales, $1,250,000; Cost of Goods Sold $750,000; Operating Expenses $380,000 and unrealized holding loss an nontrading equity $25,000. Prepare a comprehensive income statement using the two-statement format. (1% marks). Q8. For 1% marks, explain clearly in your own words, differences between, a. 'net income and comprehensive income b."other comprehensive income and accumulated other comprehensive income

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