Reach Out Card Company Limited reported the following for 2017: net sales revenue, $1.2 million; cost of
Question:
Reach Out Card Company Limited reported the following for 2017: 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 FV-OCI investments with gains/losses recycled), $18,000.
Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS. Assume investments are accounted for as FV-OCI investments, with gains/losses recycled through net income.
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Related Book For 
Intermediate Accounting
ISBN: 978-1119048534
11th Canadian edition Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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