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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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The correct answer is C. firm to the environment.

Explanation:

Currently, when a company begins its usual operations and the one that it will play day by day throughout its existence, it cannot leave aside knowing the role of its company, the environment in which it develops its function as a company or its operation with the environment , and it is essential that the company meets the social responsibility to which it is obliged.

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