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Question 30 The entity reported the following information in 2020: Cost of goods sold 1,400,000 Income tax expense 72,000 Interest expense 20,000 Operating expenses 220,000
Question 30 The entity reported the following information in 2020: Cost of goods sold 1,400,000 Income tax expense 72,000 Interest expense 20,000 Operating expenses 220,000 Other comprehensive income (OCI): Unrealized holding gain on investments 120,000 Sales revenue 2,000,000 Instructions: Type the numerical answer 1, 2, 3. or 4 in the box after the question. A. How much is the comprehensive income? Blank 1 1) 408,000 2) 288,000 3) 360,000 4) 432,000 B. How much is the net income? Blank 2 1) 408,000 2) 288,000 3) 360,000 4) 432,000 2 Points
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