Ortiz Co. reports the following information for 2019: sales revenue $700,000, cost of goods sold...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Ortiz Co. reports the following information for 2019: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available- for-sale securities for 2019 of $60,000. It declared and paid a cash dividend of $10,000. Instructions: compute the comprehensive income for the year ended 31\12\2019. (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
