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JBW Corporation Statement of Comprehensive Income For the Year Ended December 31, 20X1 Net income Unrealized holding loss, net of tax $ 439,718 Foreign currency translation adjustment 26,250 Unrealized loss from pension adjustment, net of tax Comprehensive income

JBW Corporation Statement of Comprehensive Income For the Year Ended December 31, 20X1 Net income Unrealized holding loss, net of tax $ 439,718 Foreign currency translation adjustment 26,250 Unrealized loss from pension adjustment, net of tax Comprehensive income

SWFT Corp Partner Estates Trusts
SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 56P
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JDW Corporation reported the following for 20X1: net sales $2,929,500; cost of goods sold $1,786,995; selling and administrative expenses $585,900; unrealized holding loss on available-for-sale securities (considered other comprehensive income) $22,000; a positive foreign currency translation adjustment $26,250 (considered other comprehensive income); and an unrealized loss from pension adjustment (considered other comprehensive income) $7,000. JDW’s tax rate was 21%. Ignore income taxes related to amounts in other comprehensive income.

prepare a statement of comprehensive income using the two-statement format. Ignore earnings per share.

JBW Corporation Statement of Comprehensive Income For the Year Ended December 31, 20X1 Net income Unrealized holding loss, net of tax $ 439,718 Foreign currency translation adjustment 26,250 Unrealized loss from pension adjustment, net of tax Comprehensive income
Transcribed Image Text:JBW Corporation Statement of Comprehensive Income For the Year Ended December 31, 20X1 Net income Unrealized holding loss, net of tax $ 439,718 Foreign currency translation adjustment 26,250 Unrealized loss from pension adjustment, net of tax Comprehensive income
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