Turbo Corporation had net income of ($ 30,000) and other comprehensive income of ($ 0) prior to
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Turbo Corporation had net income of \(\$ 30,000\) and other comprehensive income of \(\$ 0\) prior to the following two adjustments: Turbo Corporation discovered it has an unrealized holding loss of \(\$ 1,000\) related to available-for-sale debt securities and an unrealized holding loss of \(\$ 500\) related to trading debt securities. Ignoring income taxes, what are the adjusted totals for \((a)\) net income, \((b)\) other comprehensive income, and (c) comprehensive income?
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Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781618533135
2nd Edition
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
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