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A company failed to record unrealized gains of $30 million on its available for sale security investments. Its tax rate is 35%. As a result
A company failed to record unrealized gains of $30 million on its available for sale security investments. Its tax rate is 35%. As a result of this error, comprehensive income would be (Round million answer to 2 decimal places.): |
Understated by $30.00 million.
Unaffected.
Understated by $10.50 million.
Understated by $19.50 million.
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