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E17-10B (Comprehensive Income Disclosure) Assume the same information as E17-9B and that Zorro Foods Corp. reports net income in 2014 of $689,600 and in 2015 of $235,000. Total unrealized holding gains (including any realized holding gain or loss) arising

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E17-10B (Comprehensive Income Disclosure) Assume the same information as E17-9B and that Zorro Foods Corp. reports net income in 2014 of $689,600 and in 2015 of $235,000. Total unrealized holding gains (including any realized holding gain or loss) arising during 2015 totals $26,600.;Instructions;(a) Prepare a statement of comprehensive income for 2014 starting with net income.;(b) Prepare a statement of comprehensive income for 2015 starting with net income.

 

Paper#78461 | Written in 18-Jul-2015

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