Essay
On December 31, 2016, Melissa Company's adjusted trial balance contained the following account balances: 
The income tax rate is 30%, and the company had 2,000 shares of common stock outstanding during the year.
Required:
a. Prepare the income statement for the year 2016 that includes comprehensive income.
b. Prepare the income statement for the year 2016 and a separate statement of comprehensive income.
Correct Answer:
Verified
Correct Answer:
Verified
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