An inexperienced accountant for Bramble Corporation showed the following in the income statement: net income $263,250 and unrealized gain on available-for-sale securities (before taxes) $87,100. The unrealized gain on available-for-sale securities is subject to a 25% tax rate Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number eg. -2,945 or narentheses eg (2 945))

An inexperienced accountant for Bramble Corporation showed the following in the income statement: net income $263,250 and unrealized gain on available-for-sale securities (before taxes) $87,100. The unrealized gain on available-for-sale securities is subject to a 25% tax rate Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number eg. -2,945 or narentheses eg (2 945))

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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