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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7a7c291-6116-48d0-8dfb-2128ed51b462%2Fb3ccdece-37e8-4b63-b5c3-76c272eb4775%2F6sb3bji_processed.png&w=3840&q=75)
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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