Suppose Armstrong Cycles Inc reported a number of special items
Suppose Armstrong Cycles, Inc., reported a number of special items on its income statement. The following data, listed in no particular order, came from Armstrong’s financial statements (amounts in thousands):

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Requirements
1. Show how the Armstrong Cycles, Inc., multi- step income statement for the year ended September 30, 2014, should appear. Omit earnings per share. Use the end-of-chapter summary problem on pages 637– 638 as an example.
2. Prepare the Statement of Comprehensive Income for Armstrong Cycles, Inc., for the year ended September 30, 2014.

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