Assume the same information as E17-9 and that Wenger, Inc. reports net income in 2012 of $120,000

Question:

Assume the same information as E17-9 and that Wenger, Inc. reports net income in 2012 of $120,000 and in 2013 of $140,000. Total holding gains (including any realized holding gain or loss) arising during 2013 total $30,000.

Instructions
  (a) Prepare a statement of comprehensive income for 2012 starting with net income.
  (b) Prepare a statement of comprehensive income for 2013 starting with net income.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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