Comprehensive Income Armstrong Corporation reported the following for 2010: net sales $1,200,000 cost of goods sold $720,000:

Question:

Comprehensive Income Armstrong reported the following for 2010: net sales $1,200,000 cost of goods sold $720,000: selling and administrative expenses $320,000: and an unrealized holding gain on non-trading equity securities $15,000.
Instruction
Prepare a statement of comprehensive income, using the two-statement format. Ignore income taxes and earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...