For the year ended December 31, 2014, Black Corporation reported the following information: Instructions
Prepare the statement of comprehensive income for the year ended December 31, 2014 starting with profit. The company records gains and losses on its equity investments as other comprehensive income and has a 25% income tax rate.

Question

For the year ended December 31, 2014, Black Corporation reported the following information:  Instructions
Prepare the statement of comprehensive income for the year ended December 31, 2014 starting with profit. The company records gains and losses on its equity investments as other comprehensive income and has a 25% income tax rate.

Quizplus · Accepted Answer

The Answer of For the year ended December 31, 2014, Black Corporation reported the following information:  Instructions
Prepare the statement of comprehensive income for the year ended December 31, 2014 starting with profit. The company records gains and losses on its equity investments as other comprehensive income and has a 25% income tax rate.

For the Year Ended December 31, 2014, Black Corporation Reported