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Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 eTextbook and Media Your answer is partially correct. Total Expenses 1231800 KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 ♥ -730500 501300 -330800 170500 17400 187900 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) Attempts: 3 of 3 used 0

Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 eTextbook and Media Your answer is partially correct. Total Expenses 1231800 KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 ♥ -730500 501300 -330800 170500 17400 187900 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) Attempts: 3 of 3 used 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income eTextbook and Media KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 Your answer is partially correct. Total Expenses Net Income /(Loss) Total Revenues KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 Other Comprehensive Income. Unrealized Holdine Gain ✔ KINGBIRD CORPORATION Comprehensive Income Statement For the Year Ended December 31, 2025 ♥ Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) ✓ $ $ $ 1231800 -730500 501300 -330800 170500 17400 187900 0 187900 12180 Attempts: 3 of 3 used 200000
Transcribed Image Text:Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold $730,500, selling and administrative expenses $330,800, and an unrealized holding gain on available-for-sale debt securities $17,400. (a) Your Answer Correct Answer (Used) ✓ Your answer is correct. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) (b) Net Sales Cost of Goods Sold Gross Profit Selline and Administrative Expenses Net Income /(Loss) Other Comprehensive Income, Unrealized Holding Gain Comprehensive Income eTextbook and Media KINGBIRD CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2025 Your answer is partially correct. Total Expenses Net Income /(Loss) Total Revenues KINGBIRD CORPORATION Income Statement For the Year Ended December 31, 2025 Other Comprehensive Income. Unrealized Holdine Gain ✔ KINGBIRD CORPORATION Comprehensive Income Statement For the Year Ended December 31, 2025 ♥ Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) ✓ $ $ $ 1231800 -730500 501300 -330800 170500 17400 187900 0 187900 12180 Attempts: 3 of 3 used 200000
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