Wildhorse Corporation reported the following for 2020: net sales $1,244,400, cost of goods sold $739,000, selling...
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Homework Answers
Answer:
| WILDHORSE CORPORATION STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 2020 |
|
| Net Sales | 1244400 |
| Cost of goods sold | 739000 |
| Gross Income | 505400 |
| Selling and Distribution expenses | 339400 |
| Net Income | 166000 |
| Unrealized holding gain on available for sale debt securities | 18800 |
| Comprehensive Income | 184800 |
| WILDHORSE CORPORATION INCOME STATEMENT FOR THE YEAR ENDED 2020 |
|
| Net Sales | 1244400 |
| Cost of goods sold | 739000 |
| Gross Income | 505400 |
| Selling and Distribution expenses | 339400 |
| Net Income | 166000 |
| WILDHORSE CORPORATION COMPREHENSIVE INCOME STATEMENT FOR THE YEAR ENDED 2020 |
|
| Net Income | 166000 |
| Unrealized holding gain on available for sale debt securities | 18800 |
| Comprehensive Income | 184800 |
Add Answer to:
Wildhorse Corporation reported the following for 2020: net sales
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statement format. (Ignore income taxes and earnings per share.)
Prepare a statement of comprehensive income, using the two
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Exercise 4-15 Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold...
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Wildhorse Co. reported the following information for 2020: Sales revenue Cost of goods sold Operating expenses...
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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.)
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$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.
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$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.
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