Korte Company reported the following information for 2020:
Sales revenue $2,500,000
Cost of...
Korte Company reported the following information for 2020:
Sales revenue $2,500,000
Cost of goods sold 1,750,000
Operating expenses 275,000
Unrealized holding gain on available-for-sale debt securities 85,000
Cash dividends received on the securities 10,000
For 2017, Korte would report comprehensive income of:
a.$570,000.
b. $560,000.
c. $485,000.
d. $85,000
Answers: 2
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