Use the Following to Answer Questions

question 11

Essay

Use the following to answer questions
The trial balance of Rollins Inc.included the following accounts as of December 31,2016:
Rollins had 100,000 shares of stock outstanding throughout the year.Income tax expense has not yet been accrued.The effective tax rate is 40%.
-Required: Prepare a 2016 separate statement of comprehensive income for Rollins Inc.

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Definitions:

Combined Effect

The cumulative impact of multiple factors or actions taken together, rather than individually.

Income Yield

The income return on an investment, expressed as a percentage of the investment's current market value.

Capital Gain Yield

The price appreciation part of the total return on an investment, expressed as a percentage.

Rate Of Total Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.