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Statement of Financial Accounting Standards No. 130 - page 46 / 57

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   adjustment for this period.

\b/ This illustrates the gross display.  Alternatively, a net display can

   be used, with disclosure of the gross amounts (current-period gain

   and reclassification adjustment) in the notes to the financial

   statements.

\c/ This illustrates the required net display for this classification.

===========================================================================

Format B:  Two-Statement Approach

Enterprise

Statement of 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

 effect of accounting change                                       93,750

Extraordinary item, net of tax                                    (28,000)

Income before cumulative effect of accounting change               65,750

Cumulative effect of accounting change, net of tax                 (2,500)

|Net income                                                       $  63,250

                                                                 =========

                                Enterprise

                    Statement of Comprehensive Income

                       Year Ended December 31, 19X9

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