Prepare a simple statement of comprehensive income for Yoshi Corporation using the following information: For the

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Prepare a simple statement of comprehensive income for Yoshi Corporation using the following information:

• For the year ended June 30, 2020

• Loss for the year is $25,000

• Gain on equity investments is $60,000

• Tax rate is 25 percent

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Horngrens Accounting

ISBN: 9780135359785

11th Canadian Edition Volume 2

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

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