Question

Reach Out Card Company Limited reported the following for 2014: net sales revenue $1.2 million; cost of goods sold $750,000; selling and administrative expenses $320,000; gain on disposal of building $250,000; and unrealized gain-OCI (related to fair value through OCI investments) $18,000. The company accounts for its investments in accordance with IAS 39.
Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS.


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  • CreatedSeptember 18, 2015
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