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The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 3 1 , 2 0 2 4 , included the following
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December included the following accounts:
tableAccount Title,Debits,CreditsSales revenue,$Cost of goods sold,$Selling and administrative expense,Interest expense,Gain on debt securities
The gain on debt securities is unrealized and classified as other comprehensive income. The trial balance does not include the accrual for income taxes. Lindor's income tax rate is
Required:
Prepare a single, continuous multiplestep statement of comprehensive income.
tableLINDOR CORPORATION,Statement of Comprehensive Income,For the Year Ended December Gross profit,Operating expenses:,Operating income,Other income expense:Income before income taxes,Net income,Other comprehensive income net of tax:Comprehensive income,$
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