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Crane Corporation reported the following for 2020: net sales $1,227,100, cost of goods sold $725,600, selling and administrative expenses $330,700, and an unrealized holding gain
Crane Corporation reported the following for 2020: net sales $1,227,100, cost of goods sold $725,600, selling and administrative expenses $330,700, and an unrealized holding gain on available-for-sale debt securities $22,000. (a) Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CRANE CORPORATION Statement of Comprehensive Income For the Quarter Ended December 31, 2020 Net Sales Cost of Goods Sold Gross Profit/(Loss)
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