Chen Company reports the following information for the year ended December 31, 2012: sales revenue $1,000,000, cost

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Chen Company reports the following information for the year ended December 31, 2012: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on available-for-sale securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach.


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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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