An inexperienced accountant for Bramble Corp. showed the following in the income statement: net income $217,260 and unrealized gain on available-for-sale securities (before taxes) $91,900. The unrealized gain on available-for-sale securities is subject to a 29% tax rate. Prepare a correct statement of comprehensive income. BRAMBLE CORP. Partial Statement of Comprehensive Income select a comprehensive income item enter a dollar amount select an opening section name select a comprehensive income item enter a dollar amount select an closing name for this statement $enter a total amount for this statemen
An inexperienced accountant for Bramble Corp. showed the following in the income statement: net income $217,260 and unrealized gain on available-for-sale securities (before taxes) $91,900. The unrealized gain on available-for-sale securities is subject to a 29% tax rate. Prepare a correct statement of comprehensive income. BRAMBLE CORP. Partial Statement of Comprehensive Income select a comprehensive income item enter a dollar amount select an opening section name select a comprehensive income item enter a dollar amount select an closing name for this statement $enter a total amount for this statemen
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An inexperienced accountant for Bramble Corp. showed the following in the income statement: net income $217,260 and unrealized gain on available-for-sale securities (before taxes) $91,900. The unrealized gain on available-for-sale securities is subject to a 29% tax rate.
Prepare a correct statement of comprehensive income.
|
BRAMBLE CORP.
Partial Statement of Comprehensive Income |
||
|---|---|---|
|
select a comprehensive income item
|
enter a dollar amount
|
|
|
select an opening section name
|
||
|
select a comprehensive income item
|
enter a dollar amount
|
|
|
select an closing name for this statement
|
$enter a total amount for this statement
|
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