1 | Statement of Comprehensive Income using the one statement format | ||
METLOCK CORPORATION | |||
Statement of Comprehensive Income | |||
For the Year Ended December 31, 2020 | |||
$ | |||
Sales Revenue | 1,236,500.00 | ||
Cost of goods sold | 729,000.00 | ||
Gross Profit /(Loss) | 507,500.00 | ||
Selling and Administrative Expenses | 329,900.00 | ||
Net Income / (Loss) | 177,600.00 | ||
Other Comprehensive Income Unrealized Holding Gain | 20,700.00 | ||
Comprehensive Income | 198,300.00 | ||
2 | Statement of Comprehensive Income using the two statement format | ||
METLOCK CORPORATION | |||
Income statement | |||
For the Year Ended December 31, 2020 | |||
$ | |||
Sales Revenue | 1,236,500.00 | ||
Cost of goods sold | 729,000.00 | ||
Gross Profit /(Loss) | 507,500.00 | ||
Selling and Administrative Expenses | 329,900.00 | ||
Net Income / (Loss) | 177,600.00 | ||
Comprehensive Income | |||
Net Income / (Loss) | 177,600.00 | ||
Other Comprehensive Income Unrealized Holding Gain | 20,700.00 | ||
Comprehensive Income | 198,300.00 | ||
Current Attempt in Progress Metlack Corporation reported the following for 2020 net sales $1.23500, costo $20.700...
Question 3 --/1 View Policies Current Attempt in Progress Coronado Corporation reported the following for 2020: net sales $1,220,300, cost of goods sold $729,000, selling and administrative expenses $331,600, and an unrealized holding gain on available-for-sale debt securities $16,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CORONADO CORPORATION Statement of Comprehensive Income w 2/13/2020 3 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes...
Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000, selling and administrative expenses $329,900, and an unrealized holding gain on available-for-sale debt securities $20,700. (a) Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) METLOCK CORPORATION Statement of Comprehensive Income $ $
Question 5 of 6 < > -/1 View Policies Current Attempt in Progress Crane Corporation reported the following for 2020: net sales $1.227,100, cost of goods sold $725,600, selling and administrative expenses $330,700, and an unrealized holding gain on available-for-sale debt securities $22.000. (a) Prepare a statement of comprehensive income using the one statement format. (ignore income taxes and earnings per share.) CRANE CORPORATION Statement of Comprehensive Income
Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrative expenses $329,500, and an unrealized holding gain on available-for- sale debt securities $16,600. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Income Statement SPLISH CORPORATION Comprehensive...
Swifty Corporation reported the following for 2020: net sales
$1,234,800, cost of goods sold $724,000, selling and administrative
expenses $323,000, and an unrealized holding gain on
available-for-sale debt securities $22,700.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Income Statement SWIFTY CORPORATION Comprehensive Income...
Marigold Corporation reported the following for 2020: net sales
$1,231,600, cost of goods sold $721,400, selling and administrative
expenses $329,500, and an unrealized holding gain on
available-for-sale debt securities $24,500.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) MARIGOLD CORPORATION Statement of Comprehensive Income VI Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) MARIGOLD CORPORATION Income Statement MARIGOLD CORPORATION Comprehensive...
Exercise 4-15 Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold $737,300, selling and administrative expenses $338,200, and an unrealized holding gain on available-for-sale debt securities $24,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Statement of Comprehensive Income UUUUUUL Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Income Statement CONCORD...
Sunland Corporation reported the following for 2020: net sales $1,238,000, cost of goods sold $733,900, selling and administrative expenses $321,900, and an unrealized holding gain on available for sale debt securities $15,800 Con- Prepare a statement of comprehensive income using the one statement format. Ignore income taxes and earnings per share.) SUNLAND CORPORATION Statement of Comprehensive Income port courses/25565/assignments/3797093?module_item_id=12125280 Prepare a statement of comprehensive Income, using the two statement format. (Ignore income taxes and earnings per share.) SUNLAND CORPORATION Income...
Whispering Corporation reported the following for 2020: net
sales $1,200,400, cost of goods sold $724,400, selling and
administrative expenses $330,300, and an unrealized holding gain on
available-for-sale debt securities $16,000.
Prepare a statement of comprehensive income using the one
statement format. (Ignore income taxes and earnings per share.)
Prepare a statement of comprehensive income, using the two
statement format. (Ignore income taxes and earnings per share.)
DB 4.8 - Comprehensive Income Francona Corporation reported the following for the current year: net sales $6,000,000, cost of goods sold $3,750.000; selling and administrative expenses $1.600.000: and an unrealized holding gain on available-for-sale securities $90.000, Required: Prepare a statement of comprehensive income (as discussed and illustrated on pages 22-23 of Chapter 4), using (a) the one statement format and (b) the Iwo statement format Ignore income taxes and earnings per share,