stment of $64,000. The company’s tax rate is 25%. Prepare a separate statement of comprehensive income beginning with net income. Use a negative sign to ind
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Sanders Inc. reported net income of $880,000 for the year ended December 31. The company had a pretax unrealized holding gain on debt securities of $22,400 and a pretax loss on foreign currency translation adjustment of $64,000. The company’s tax rate is 25%. Prepare a separate statement of comprehensive income beginning with net income.
Use a negative sign to indicate a loss.
Sanders Inc. Statement of Comprehensive Income For the Year Ended December 31 Net Income Answer Unrealized holding gain on debt security investment, net of tax Answer Loss on foreign currency translation adjustment, net of tax savings Answer Comprehensive income
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