Duke Companys records show the following account balances at December :
Sales revenue $
Cost of goods sold
General and administrative expense
Selling expense
Interest expense
Income tax expense has not yet been determined. The following events also occurred during All transactions are material in amount.
$ in restructuring costs were incurred in connection with plant closings.
Inventory costing $ was written off as obsolete. Material losses of this type are considered to be unusual.
It was discovered that depreciation expense for was understated by $ due to a mathematical error. The amount is considered material.
The company experienced a negative foreign currency translation adjustment of $ and had an unrealized gain on debt securities of $
Required:
Prepare a single, continuous multiplestep statement of comprehensive income for The companys effective tax rate on all items affecting comprehensive income is Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures.
Note: Amounts to be deducted should be indicated with a minus sign.
