Problem related to comprehensive income


Madsen Company reported the following information for 2012:

Sales revenue $1,530,000
Cost of goods sold 1,050,000
Operating expenses 165,000
Unrealized holding gain on available-for-sale securities 120,000
Cash dividends received on the securities 6,000

For 2012, Madsen would report other comprehensive income of

A) $405,000.

B) $411,000.

C) $120,000.

D) $126,000.

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Accounting Basics: Problem related to comprehensive income
Reference No:- TGS070677

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