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Prepare a statement of comprehensive income using the

Comprehensive Income Armstrong Corporation reported the following for 2010: net sales $1,200,000 cost of goods sold $720,000: selling and administrative expenses $320,000: and an unrealized holding gain on non-trading equity securities $15,000.

Instruction

Prepare a statement of comprehensive income, using the two-statement format. Ignore income taxes and earnings per share.

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Cost Accounting: Prepare a statement of comprehensive income using the

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Cost Accounting: Prepare a statement of comprehensive income using the

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