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the following information for the year ending december 31 2008 has been provided for 4244306

The following information for the year ending December 31, 2008, has been provided forRexburg Company.Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $470,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 287,000Foreign translation adjustment (net of income taxes) . . . . . . . . . 43,000 (Cr.)Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,100Extraordinary gain (net of income taxes) . . . . . . . . . . . . . . . . . . . 41,200Correction of inventory error (net of income taxes) . . . . . . . . . . . 29,720 (Cr.)General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . 61,240Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,500Gain on sale of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,300Proceeds from sale of land at cost . . . . . . . . . . . . . . . . . . . . . . . . . 78,000Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,900Instructions:Prepare a statement of comprehensive income for Rexburg Company.View Solution:
The following information for the year ending December 31 2008

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