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Roxanne Carter Corp. reported the following for 2014: net sales $1,200,000; COGS $750,000; selling and administrative expenses $320,000; and an unrealized holding gain on available-for-sale
Roxanne Carter Corp. reported the following for 2014: net sales $1,200,000; COGS $750,000; selling and administrative expenses $320,000; and an unrealized holding gain on available-for-sale securities $18,000.
Prepare a statement of comprehensive income, using (a) the one statement format, and (b) the two statement format. (Ignore income taxes and EPS).
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