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What amounts will be reported as gross margin

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Reference no: EM133109461

Question - Assume a 0% tax rate for this problem. Company reports the following items for the current year.

Sales revenue $420,000

Cost of goods sold 280,000

Operating expenses 35,000

Unrealized holding gain on securities- considered to be other comprehensive income 13,000

What amounts will be reported as the following items in the current year?

1. Gross margin

2. Net income

3. Comprehensive income

Reference no: EM133109461

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