Compute the amount of comprehensive income for the year

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Reference no: EM131933495

Problem

Presented below is certain information pertaining to Ronaldinho Company. Assets,

January 1 Assets, 240,000

December 31 Asset, 230,000

December 31 Liabilities, 150,000

January 1 Liabilities, 120,000

Decemer 31 Common stock issued during the year 20,000

Dividends declared and paid during the year 10,000

There was no other changes in stockholders' equity except comprehensive income during the year. Compute the amount of comprehensive income for the year.

Reference no: EM131933495

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