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Business, 05.08.2020 18:01 Fangflora3

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following income accounts: Account Title Debits Credits
Sales revenue 2,700,000
Cost of goods sold 1,590,000
Selling and administrative expenses 431,000
Interest expense 59,000
Unrealized holding gains on investment securities 99,000
The trial balance does not include the accrual for income taxes. Lindor's income tax rate is 30%. 1.9 million shares of common stock were outstanding throughout 2016.
Required:
Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures.

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The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2...
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