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Ling Company reports the following information for the year ended-(Answered)

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Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach.



LING COMPANY
Statement of Comprehensive Income
For the Year Ended December 31, 2014
?Gross profitOperating expensesUnrealized gain on non-trading securitiesNet incomeCost of goods soldOther comprehensive incomeComprehensive incomeSales revenue $
?Other comprehensive incomeComprehensive incomeNet incomeCost of goods soldGross profitUnrealized gain on non-trading securitiesSales revenueOperating expenses
?Net incomeSales revenueOperating expensesOther comprehensive incomeGross profitUnrealized gain on non-trading securitiesComprehensive incomeCost of goods sold
?Other comprehensive incomeCost of goods soldUnrealized gain on non-trading securitiesComprehensive incomeOperating expensesNet incomeSales revenueGross profit
?Sales revenueCost of goods soldOther comprehensive incomeGross profitOperating expensesUnrealized gain on non-trading securitiesNet incomeComprehensive income
?Operating expensesOther comprehensive incomeUnrealized gain on non-trading securitiesCost of goods soldSales revenueGross profitNet incomeComprehensive income
????Operating expenses????Net income????Other comprehensive income????Unrealized gain on non-trading securities????Comprehensive income????Sales revenue????Cost of goods sold????Gross profit????
?Comprehensive incomeSales revenueOperating expensesOther comprehensive incomeUnrealized gain on non-trading securitiesCost of goods soldGross profitNet income

$

 

Paper#9256052 | Written in 27-Jul-2016

Price : $16
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