For the year ended December 31, 2021, Jet Set Airlines reported profit of $920,000 and a holding
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For the year ended December 31, 2021, Jet Set Airlines reported profit of $920,000 and a holding gain on an equity investment of $66,000, before income tax. This gain is other comprehensive income. Jet Set has a tax rate of 30%. Prepare a statement of comprehensive income.
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Accounting Principles Volume 2
ISBN: 978-1119502555
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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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