Reference no: EM132719543
Problem - Anson Industries, Inc., reported the following information on its 20Y1 income statement:
Sales $4,000,000
Cost of goods sold 2,300,000
Operating expenses 1,000,000
Income tax expense 280,000
Other comprehensive income 450,000
Required - Prepare the following for Anson Industries, Inc.:
a. Income statement, including comprehensive income.
b. Income statement and a separate statement of comprehensive income.
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