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accoun ting111 Question 4: Prepare in good form, a Statement of Comprehensive Income for ABC Corp, for the calendar veer 1014 given the following information:

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Question 4: Prepare in good form, a Statement of Comprehensive Income for ABC Corp, for the calendar veer 1014 given the following information: Sales Fievenue $350,000 Either RevenueInterest 12,000 Cost of Goods Sold 120,000 Operating Expenses 230,000 Dividends paid to shareholders 15,000 Either revenue! [losses]: Gain on sale of collectibles-infrequent but not unusual 12,000 Loss from hurricaneunusual and infrequent Event {3,000} Decrease in value of Available for Sale securities 15,000 ABC's tax rate is 40 percent. There are 1,000 shares of common outstanding throughout 2014

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