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Prepare a statement of comprehensive income

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Reference no: EM132085420

Question - Reach Out Card Company Limited reported the following for 2014: net sales revenue $1.25 million; cost of goods sold $781,250; selling and administrative expenses $312,000; gain on disposal of building $263,000; and unrealized gain-OCI (related to fair value through OCI investments) $20,000. The company accounts for its investments in accordance with IAS 39.

Prepare a statement of comprehensive income. Ignore income tax and EPS.

Reference no: EM132085420

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