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Bridgeport Company Limited reported the following for 2020: sales revenue, $1.24 million; cost of goods sold, $775,000; selling and administrative expenses, $349,000; gain on
Bridgeport Company Limited reported the following for 2020: sales revenue, $1.24 million; cost of goods sold, $775,000; selling and administrative expenses, $349,000; gain on disposal of building, $303,000; and unrealized gain-OCI (related to FV-OCI equity investments with gains/losses not recycled) $21,000. Assume investments are accounted for as FV-OCI investments, with gains/losses not recycled through net income. Prepare a statement of comprehensive income. Ignore income tax and EPS. Bridgeport Company Limited Statement of Comprehensive Income Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Operating Expenses Selling and Administrative Expenses Income from Operations Gain on Disposal of Building Net Income/(Loss)
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