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Statement of Financial Accounting Standards No. 130 - page 44 / 57

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displayed in financial statements to comply with the provisions of this

Statement. This Statement requires not only displaying those certain basic

totals but also reporting components of those aggregates.  For example, it

requires reporting information about unrealized gains and losses on

available-for-sale securities, foreign currency items, and minimum pension

liability adjustments.

131. The illustrations use the term comprehensive income to label the total

of all components of comprehensive income, including net income.  The

illustrations use the term other comprehensive income to label revenues,

expenses, gains, and losses that are included in comprehensive income but

excluded from net income.  This Statement does not require that an

enterprise use those terms in its financial statements.  Other equivalent

terms, such as total nonowner changes in equity, can be used as labels for

what this Statement refers to as comprehensive income.

Format A:  One-Statement Approach

Enterprise

Statement of Income and Comprehensive Income

Year Ended December 31, 19X9

Revenues                                                   $140,000

Expenses                                                    (25,000)

Other gains and losses                                        8,000

Gain on sale of securities                                    2,000

Income from operations before tax                           125,000

Income tax expense                                          (31,250)

Income before extraordinary item and cumulative              93,750

effect of accounting change

Extraordinary item, net of tax                              (28,000)

Income before cumulative effect of accounting change         65,750

Cumulative effect of accounting                              (2,500)

 change, net of tax

Net income                                                   63,250

Other comprehensive income, net of

 tax:

   Foreign currency translation                               8,000

    adjustments\a/

   Unrealized gains on securities:\b/

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