curities of $155000. This investment experienced an unrealized loss of $8500 during the current year. Assuming a 34% tax rate, the amount of this loss that would reported as part of other comprehensive income would be: None.

curities of $155000. This investment experienced an unrealized loss of $8500 during the current year. Assuming a 34% tax rate, the amount of this loss that would reported as part of other comprehensive income would be: None.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter14: Taxes On The Financial Statements

Section: Chapter Questions

Problem 11DQ

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Question

Metlock, Inc. has an investment in trading securities of $155000. This investment experienced an unrealized loss of $8500 during the current year. Assuming a 34% tax rate, the amount of this loss that would reported as part of other comprehensive income would be:

None.

$52700 loss.

$102300 loss.

$155000 loss.

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