[Solution]Prepare a statement of comprehensive income for 2012 starting with net income.

(Comprehensive Income Disclosure) Assume the same information as E17-9 and that Wenger, Inc. reports net income in 2012 of $120,000 and in 2013 of $140,000.…

(Comprehensive Income Disclosure) Assume the same information as E17-9 and that Wenger, Inc. reports net income in 2012 of $120,000 and in 2013 of $140,000. Total holding gains (including any realized holding gain or loss) arising during 2013 total $30,000.Instructions(a) Prepare a statement of comprehensive income for 2012 starting with net income.(b) Prepare a statement of comprehensive income for 2013 starting with net income.

The post Prepare a statement of comprehensive income for 2012 starting with net income.

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