Business, 05.03.2020 23:01 MrRandomUser
Select the correct presentation for other comprehensive income on the financial statements of Puma Company.
1. Puma Company
Statement of Comprehensive Income
For the Year Ended December 31, 20Y3
Net income $140,000
Other comprehensive income 20,000
Comprehensive income $160,000
2. Puma Company
Income Statement
For the Year Ended December 31, 20Y3
Sales $625,000
Cost of goods sold 350,000
Gross profit $275,000
Operating expenses 135,000
Net income $140,000
Other comprehensive income 20,000
Comprehensive income $160,000
A. Both of these choices are correct.
B. Neither of these choice is correct.
Answers: 2
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Select the correct presentation for other comprehensive income on the financial statements of Puma C...
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