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1. Explain the following alternative income measures. Net Income: Comprehensive income: 2. Comprehensive income Exercise: ABC Company reports the following information for 2012: Sales revenue

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1. Explain the following alternative income measures. Net Income: Comprehensive income: 2. Comprehensive income Exercise: ABC Company reports the following information for 2012: Sales revenue $800,000; cost of goods sold $600,000; operating expenses $ 90,000; and an unrealized holding gain on available for sale securities of $30,000. Compute comprehensive income of ABC Company

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