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zhenek [66]
3 years ago
13

Novak Corporation reported the following for 2020: net sales $1,208,000, cost of goods sold $731,100, selling and administrative

expenses $336,800, and an unrealized holding gain on available-for-sale debt securities $24,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) NOVAK CORPORATION Statement of Comprehensive Income
Business
1 answer:
icang [17]3 years ago
5 0

Answer:

The answer is given below;

Explanation:

Sales                                             $1,208,000

Less:Cost of goods sold               ($731,100)

Gross Profit                                     $476,900

Less:Selling and Admin Expenses ($336,800)

Net Profit                                          $140,100

Add:Unrealized holding gain            $24,300

Comprehensive Income                    $164,400

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(30 Points)<br><br><br> Give some examples of how government spending benefits people.
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Required information Exercise 6-9A Record transactions using a perpetual system (LO6-5) Skip to question [The following informat
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Answer:

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Journal Entries:

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3 years ago
Serendipity Inc. is re-evaluating its debt level. Its current capital structure consists of 80% debt and 20% common equity, its
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Answer:

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