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Accounting

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 available-for-sale securities $15,000.

Instructions:

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M979486

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