Chili Co. had the following balances at December 31: Foreign currency translation gain $ 150,000 Unrealized loss
Question:
Foreign currency translation gain $ 150,000 Unrealized loss on trading security (35,000) Net income 650,000 Loss on discontinued operations (75,000) The company’s effective tax rate is 40%. What amount should Chili Co. report as comprehensive income for the year ended December 31?
a. $ 674,000
b. $ 719,000
c. $ 740,000
d. $ 800,000
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Related Book For 
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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