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Exercise 4-4 (Algo) Multiple-step continuous statement of comprehensive income [LO4-1, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year ended
Exercise 4-4 (Algo) Multiple-step continuous statement of comprehensive income [LO4-1, 4-6] The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2024, included the following accounts: Account Title Sales revenue Cost of goods sold. Selling and administrative expense Interest expense Gain on debt securities Debits Credits $ 2,620,000 $1,550,000 435,000 55,000 95,000 The gain on debt securities is unrealized and classified as other comprehensive income. The trial balance does not include the accrum for income taxes. Lindor's income tax rate is 25% Required: Prepare a single, continuous multiple-step statement of comprehensive income. Answer is not complete. LINDOR CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2024 Sales revenue S 2,620,000 Cost of goods sold 1,550,000 Gross profit Operating expenses 1,070,000
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